Live North Real Estate LLC
Listed by Live North Real Estate LLC
$1,249,000
1181 N Milford Road
Details
APN 16-03-401-003
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 8,573
Net Rentable (SqFt) 8,573
Units 5
Occupancy 50%
Tenancy Single
Brand/Tenant DMC
Lease Type NNN
Class A
Year Built 1990
Year Renovated 2025
Buildings 1
Acreage 0.830
Zoning Office
Investment Type Net Lease
Ownership Private
Premier Medical, Dental, or Professional Office Building For Sale - Grade A Investment Location!
Marketing description
Owner-operator opportunity on high-visibility N. Milford Rd. This 8,573 SF brick medical/professional building sits on 0.83 acres with monument signage and ample parking. Lower floor (±4,286 SF) is NNN leased through May 2028 with rent current; tenant has vacated, creating a potential path to full-building occupancy via buyout or assignment. Upper floor (±4,286 SF) is vacant and move-in ready. Recent upgrades: landscaping, ADA ramps, updated HVAC, LED lighting. Ideal for a practice owner ready to build equity. Buyer to verify all lease terms and occupancy conditions independently.
Investment highlights
- STABLE ANCHOR TENANCY: The entire lower level of this building is leased to the Detroit Medical Center (DMC) OB/GYN office on a long term, 5-year NNN lease (leased since 2004, current term until 2028, DMC is a rated A tenant with approx. $2b in annual revenue), providing a secure income stream and establishing the building as a proven medical location. The DMC has moved out as of early 2026, but continues to pay rent for their portion of the building helping the new ownership lower costs, plus opening the possibility of expansion throughout the entire building.
- NUMEROUS RECENT CAPITAL UPGRADES: Significant recent improvements include a new parking lot paving upgrades (2023), newer high-efficiency HVAC, new LED lighting throughout, addition of a new ADA entrance in the rear of the building, new landscaping with drainage improvements, and new irrigation systems reduce future maintenance costs and enhance property appeal.
- FLEXIBLE LEASE OPPORTUNITIES: Currently configured with multiple available suites ranging between 360-1030 SF, function layouts and existing plumbing, cabinets, and countertops are setup for a range of medical, dental, or professional users. The landlord is flexible on potential future build outs exactly to a tenants specifications, with commitment.
- RARE OWNER-OPERATOR POTENTIAL: Acquire the entire building and let your tenants pay your mortgage and/or operating costs. This is an ideal scenario for a practitioner, investor, or entrepreneur looking to building long-term equity while operating their business at a reduced, effective cost.
- EXCELLENT LOCATION & VISIBILITY: Situated on a high traffic through way with prominent monument signage, offering maximum exposure just minutes from downtown Milford and with convenient access to M-59.
- GENEROUS PARKING: An exceptional on site parking ratio, along with barrier free, ramp access on both lower and upper levels, is a critical amenity for medical users and ensures convince for patients, customers, and staff.
Listing Contacts
Live North Real Estate LLC
Listed by Live North Real Estate LLC
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