Milford MI Commercial for Sale

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Type:
Industrial
Sq.Ft.:
3,020
Status:
Active
Beds:
n/a
Lot size:
0.2 Acres
Year built:
1918
Baths:
MLS#:
40194695
Subdivision:
PHELPS ADD

ADDITIONAL INFORMATION

This listing is for a Victorian-style building that was converted from a home to an office in the 70's. Ideally located in downtown Milford, it served for many years as real estate office but is now occupied by different tenants. When fully leased, the building can support up to 8 different tenants. It is currently has 6 tenants, each with a month-to-month lease. Financial arrangements regarding the tenants can be made available upon request. The building has an entrance on both Union Street and E. Commerce Street. There is a dedicated 7-vehicle newly-paved parking lot and shed that come with the property. Street parking in front of each entrance is plentiful and free. A V-shaped display sign provides street-side visibility for up to 6 tenants. Additionally, placard signs for each tenant are placed by the entrance doors. The building has 3 bathrooms, a Conference Room and lawn sprinklers. New wood floors and fresh paint as of December 2022. Showings by appointment only to protect the privacy of the tenants.

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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.



Milford Real Estate

The median home value in Milford, MI is $495,011. This is higher than the county median home value of $304,600. The national median home value is $338,100. The average price of homes sold in Milford, MI is $495,011. Approximately 73.63% of Milford homes are owned, compared to 21.84% rented, while 4.53% are vacant. Milford real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Milford real estate agent to arrange a tour today!

Milford, Michigan has a population of 6,511. Milford is more family-centric than the surrounding county with 37.63% of the households containing married families with children. The county average for households married with children is 32.55%.

The median household income in Milford, Michigan is $90,591. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Milford is 40.8 years.

Milford Weather

The average high temperature in July is 81.3 degrees, with an average low temperature in January of 15.4 degrees. The average rainfall is approximately 32.5 inches per year, with 41.3 inches of snow per year.

Milford Real Estate Market Conditions

  • Median sales price

    $495,011
    11.2% change since last quarter
  • # Active listings

    91
    30-day change

Milford Schools and Demographics

Education near Milford, MI

Metric City County
High School Graduates 97.14 94.65
College Degree - 2 year 9.59 8.33
College Degree - 4 year 49.43 48.94
Graduate Degree 12.6 15.77
Expenditures per Student 15,188 15,188
Students per Teacher 17 17

Elementary Schools near Milford, MI

School Grades Students P/T Ratio ZIP
Creekside Elementary School PK - 04 447 17.2 48353
Hartland Lakes Elementary School KG - 04 509 17.5 48114
Hartland Round Elementary School PK - 04 360 16.7 48353
Hartland Village Elementary School PK - 04 458 16.3 48353
Heritage Elementary School KG - 05 582 18.3 48357
Highland Elementary School KG - 05 328 15.7 48357
Hilton Road Elementary School KG - 04 524 19.4 48114
Johnson Elementary School KG - 05 407 17.8 48381
Kurtz Elementary School KG - 05 453 18.3 48381
Spencer Road Elementary School KG - 04 440 16.2 48114

Middle Schools near Milford, MI

School Grades Students P/T Ratio ZIP
Hartland Farms Intermediate School 04 - 06 842 19.4 48114
Hartland M.S. At Ore. Creek 07 - 08 893 21 48353
Muir Middle School 05 - 08 776 19.8 48381

High Schools near Milford, MI

School Grades Students P/T Ratio ZIP
Flextech High School 09 - 12 251 20.5 48114
Hartland High School 08 - 12 1,871 21.9 48353
Milford High School 08 - 12 1,404 19.5 48357

Demographics near Milford, MI

Metric City County
Neighborhood Type Suburban
Population 6,511 1,271,983
Population Density 2,665 1,466
Median Age 40.8 41
People per Household 2.5 2.4
Median Household Income 90,591 86,275
Average Income per Capita 47,841 49,012