524 Hickory Street Milford, MI $ 449,900
524 Hickory Street
$ 449,900
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524 Hickory Street

Milford, MI, 48381
$ 449,900
Bedrooms-- Baths1.0

Monthly Estimate*

$ 2,770

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Commercial Property for sale in Milford, MI

for $449,900 with 1 full bath. This building was built in 1866 on a lot size of 0.2.

Architectural history meets modern luxury in this RARE, income-producing opportunity! This VERY PROFITABLE, FULLY FURNISHED historic home is a proven turnkey AirBnB with positive cash flow, generating over $75,000 in 24 & 25 (proof available). Original decorative filigree and an ornate antique fireplace mantel highlight its timeless character, while a full renovation and professional decor deliver modern comfort. Located in the heart of Milford's Historic District, just steps from downtown shops and restaurants. The updated kitchen features expansive counters, ample cabinetry, and stainless appliances. Entertain effortlessly with a custom liquor cabinet, kegerator, wet bar, and a huge backyard with bocce court and large deck. Spacious bedrooms, oversized shower, and extensive updates throughout. Easy to purchase using a DSCR loan--qualify based on rental income, not your W-2 or tax returns! Whether an investor or owner-occupant, this is a high-performing asset and unforgettable home!

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Commercial Pending

Price

$ 449,900

Full Bath

1

Property Type

Commercial

Taxes

$ 7,813

Style

Business

Lot Size

0.2

Year Built

1866

Town/City

Milford

County/Region

Oakland

MLS | Web ID

26008807

Features
General
Heating Forced Air
Cooling Central Air
Utilities Natural Gas Connected Cable Connected
Possession Close Of Escrow
Construction Materials Vinyl Siding
Exclusions None
Year Built 1866
Township Milford Vlg
Property Subtype Business
Tax Year 2025
Ownership Private Owned
Business Type Other
County Oakland
Net Operating Income 35000.0
Insurance Expense 75000.0
New Construction N
Property Type Commercial Sale
Subdivision Name Phelps Add
Full Baths 1
Status Pending
Directions E of Main Street - N off Commerce onto Hickory. House will be on the right.
City Milford
High School District Huron Valley
Zoning Description Residential
Number Of Units Total 1
Lot Size Units Acres
Lot Size Square Feet 8712.0
Listing Terms Conventional Cash
Land Lease Y/N N
Tax Annual Amount 7813.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tours.cozycornermedia.com/idx/310903
Standard Status Pending
Occupancy Type Owner
Tax Assessed Value 135160
Ownership Type Proprietorship
Legal Description T2N R7E SEC 10 & 11 PHELPS' ADD. N 1/2 OF LOT 3 & S 1/2 OF LOT 4 BLK 17
Senior Community None
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Exterior
Inclusions Real Estate Inventory Furniture
Lot Size Area 0.2
Foundation Details Stone Combination
Number of Buildings 1
Spa N
Building Area Total 1464.0
Lot Dimensions 66 x 132
Lot Size Acres 0.2
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1464
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 1
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Internal Only
Street Number 1 524
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* Excluded Features
List By
Lpt Realty, Llc

Broker

rob@robbulmer.com

Email

Affordability Calculator

$3,421
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,770
Monthly Property Taxes
$651
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5197227 Elementary School
4665500 Middle School
Milford High School High School
Pricing History
DatePricePrice ChangeDescription
3/9/2026$449,900 Listed Price

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524 Hickory Street, Milford, MI, 48381 is a Commercial Property for sale at $449,900 with a lot size of 0.2. 524 Hickory Street has 1.0 baths and was built in 1866. The property's zip code is 48381 which is in Milford, MI