1050 Corporate Office Drive $2,000,000

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    1050 Corporate Office Drive Milford, MI 48381

    • 7.50 Acres
    • Commercial
    MLS# 232143
    SOLD 4/25/2019

    $2,000,000

    Days On Market: 113 3 Views
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    Property Details

    NNN Investment FOR SALE in the Milford Corporate Office Park. $291,300 per year in Net Operating Income. 10% Cap Rate. 4 Years remaining on a Lease thru December 31, 2022 with MB Financial Bank which recently merged with Fifth Third. This Class A all-brick, pitched roof office building built in 1998 offers a total of 20,588 sf of high-quality space on one level. The columned entryway leads to a rounded reception area with a large Boardroom, extensive kitchen/breakroom, network room, file room and several small conference rooms. The Floor Plan includes 39 exterior wall offices with large windows, 12 interior offices and two large areas for up to 44 work stations. The grounds are well maintained with an Outdoor Patio.

    • General Features
      • Subdivision None
      • Year Built 1998
      • Current Use Office Park,Professional Office
      • County Oakland
      • Zoning Office
    • Building Features
      • Appliances Central Air, Microwave, Refrigerator
      • Basement No Basement
      • Exterior Brick
      • Extras Burglar Alarm/Security, Underground Sprinklers
      • Garage No Garage
      • Heating Forced Air - Gas
    • Property Features
      • Water Well
      • Sewer Septic Tank
      • Land Acreage 5+ thru 10 Acres
      • Driveway Blacktop
    • Schools
      • School District Other Area

    Neighborhood

    48381 (Milford) Demographics

    45Median Age
    665Population Density (per sq. mile)
    53%College Educated
    $75,304 Estimated Median Income
    4,025Estimated Total Home Owners
    1,268Estimated Total Renters
    76% / 24%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    13,315Total Population
    Community data courtesy of LiveBy, Inc.

    Property History

    Date Event Price Percent Change
    -- New in Database Source
    4/25/2019 3:00:00 AM Sold Source New Value: $2,000,000

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    Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. All information is deemed reliable but is not guaranteed.