520 Highland Avenue Milford, MI $ 195,000
520 Highland Avenue
$ 195,000
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520 Highland Avenue

Milford, MI, 48381
$ 195,000
Bedrooms-- Baths-- Sq 72,624

Monthly Estimate*

$ 1,217

520 Highland Avenue, Milford, MI 48381 - Image 1
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Commercial Property for sale in Milford, MI

for $195,000. This building is 72,624 square feet.

Restaurant Business for Sale – Long-Standing Milford Landmark A rare opportunity is now available in the heart of the Village of Milford. The iconic Dimitri's Coney Island - the village's first and original - has been proudly serving the community for more than 30 years. The longtime owners are preparing for retirement, creating an exceptional chance for the next operator to step into a highly established, well-loved business. Located in a high-traffic corridor within the well-known Prospect Hill Shopping Plaza, the restaurant benefits from significant and continuous consumer draw generated by the plaza's anchor tenants - Kroger, Ace Hardware, and the Kroger Gas Station situated directly in front of Dimitri's. This strategic position provides unmatched visibility and convenient access for both local residents and visitors. Dimitri's has cultivated a loyal, multi-generational customer base and is widely recognized as a reliable breakfast-and-lunch destination with consistent repeat business. The operation features an expansive, crowd-pleasing menu that appeals to a broad demographic - ideal for maintaining existing offerings or rebranding with a new concept. This is a true turnkey opportunity: all kitchen equipment, fixtures, and operational infrastructure are included with the sale. A detailed equipment and fixture list is available upon request. For established restaurateurs, this represents a chance to acquire a proven, highly visible location with deep community roots. For new entrepreneurs seeking an entry point into the restaurant industry, it offers an immediate operational platform with decades of goodwill and strong daily foot and vehicle traffic. Opportunities of this caliber in Milford are exceptionally limited. The combination of prime location, anchor-driven traffic, loyal clientele, and operational readiness makes this an outstanding investment.

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Commercial Active

Price

$ 195,000

Property Type

Commercial

Taxes

$ 0

Style

Commercial/Industrial

Town/City

Milford

County/Region

Oakland

MLS | Web ID

60959059

Features
General
Heating Forced Air
Possession At Close
Water Public Water
Status Active Active
Year Built 19
County Oakland
Class COM/IND/BUS OPP
Type Commercial/Industrial
Ownership Private
Municipality Milford
Zoning Commercial
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Commercial Features 220 Volt Power
Area Milford (63270)
Primary City Milford
Directions Located in Prospect hill shopping Plaza
City Milford
Financial Terms Cash
Legal Description Located in Prospect Hill shopping plaza
DOM 1
Postal Code 48381
Price Per Sq Ft Total AG 2.69
Public Remarks
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Exterior
Exterior Brick
Frontage 25
Lot Dimensions Business only
Roads Class A
Waterfront Y/N No
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Robert Kobylas

Listing Agent

Premier Realty Centers Llc

Broker

rob@premierpros.net

Email

Affordability Calculator

$1,217
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,217
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/14/2025$195,000 Listed Price

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520 Highland Avenue, Milford, MI, 48381 is a Commercial Property for sale at $195,000 with 72,624 sqft. The property's zip code is 48381 which is in Milford, MI