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Rite Aid 640 N Milford Rd 11,800 SF Retail Building Milford, MI 48381 $1,650,000 ($139.83/SF)
Investment Highlights
- Downtown Milford Walkability
- Stand Alone Building
- Prominent High Visibility Corner
- Excellent Parking
Executive Summary
Nestled in the vibrant heart of downtown Milford, this premium retail building stands as a beacon of opportunity. Spanning an impressive 11,000+ square feet, this landmark property offers unparalleled visibility that's sure to attract a consistent flow of customers.
The building's location on the bustling north end of downtown ensures it's within easy walking distance for locals and tourists alike. This accessibility, coupled with ample parking, makes it an ideal spot for businesses seeking to tap into Milford's thriving community.
The building's location on the bustling north end of downtown ensures it's within easy walking distance for locals and tourists alike. This accessibility, coupled with ample parking, makes it an ideal spot for businesses seeking to tap into Milford's thriving community.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$38,000
|
$3.22
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$38,000
|
$3.22
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $38,000 |
| Annual Per SF | $3.22 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $38,000 |
| Annual Per SF | $3.22 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,800 SF
Building Class
B
Year Built
2000
Price
$1,650,000
Price Per SF
$139.83
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.12 AC
Zoning
B3, Milford - The B-3, General Business district is designed to provide sites for business types which would be incompatible with the pedestrian movement.
Parking
47 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
270’ on Milford Road
Amenities
- Corner Lot
- Signage
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Intact buildout
| Space | Size | Space Use | Position | Available |
| 1st Floor | 11,800 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 11,800 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 11,800 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Intact buildout
Fairly walkable
50/100
Exceptionally drivable
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-10-229-015 | Total Assessment | $918,460 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $38,000 ($3.22/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
16-10-229-015
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$918,460 (2025)
Annual Taxes
$38,000 ($3.22/SF)
Tax Year
2024
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Rite Aid | 640 N Milford Rd
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