Lou’s Bootery For Sale Downtown

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Screen Shot 2016-04-01 at 3.29.16 PMStaff Report

Lou’s Bootery was a cornerstone of the downtown Milford area for 68 years, providing locals with fitted shoes for all ages, before the passing of local businessman and City Council member Skip Pikus. Vacant for several months, the well known property that sits on the corner of Front Street and Walnut St has been placed on the open market. Now listed with local real estate company Masten Realty, new owners will have an opportunity to write the next chapter in the life of this historic property.

“Jamie Masten and I feel honored to have been chosen by the Pikus Family to market the Lou’s Bootery property for sale,” said realtor Wes Cromer. “This building has been a landmark in the city since it was built back in the 1800s. There is so much history to the building. I am sure if you stand on the street for a long enough time the old timers would be happy tell you about it, but in my generation, Lou’s Bootery equated Skip Pikus standing at the store front greeting locals and visitors to our downtown.  Skip was a staple to our town and he will be greatly missed.”

The building itself holds a rich history in the town of Milford. The first floor of the building was built in 1804 and over its lifetime has become an apothecary, funeral home, men’s clothing store, grocery market and shoe shop. The third floor of the building was added in 1843 and became the home of the first masonic lodge in Milford. It was inherited by Winfield Wright and eventually sold by Winfield to Louis Pikus in 1947 where it became Lou’s Bootery. Starting in the 1960‘s Lou’s sons Terry and Skip came back to work for the business and continued the shoe business specializing in fit and offering orthopedic, mens and women, children, walking and health shoes.

“As a commercial realtor in today’s market, I can tell you that this building has unlimited potential.  With the great festivals that downtown has to offer and with the recent influx of restaurants and businesses to our downtown, we are so excited to see what the next chapter is for this historical building,” said Cromer.

The corner property is a 3 story building of about 4,000 total square feet with C-2 City of Milford zoning.  C-2 zoning is designed specifically for a building like this, allowing for a mix use of downtown businesses and residential.  Although renovation is needed on the second and third floors, Cromer states that it can easily be seen that there is “great potential for downtown lofty-style apartments with nice views on those upper floors.”
“In my opinion, the best commercial uses for this building are café style food service, ice cream shop to complement the downtown restaurant scene, retail shops, and the list really does go on and on,” stated Cromer. “The building has a lot going for it and with the visibility, the foot traffic, the car traffic and the close proximity to pubic parking lots, this building will no doubt house a very successful downtown business in the near future.”

Located on the SW corner of Front Street and Walnut Street, the building shares the same intersection as the First National Bank & Trust building that housed M&T bank until 2015. According to the City of Milford, officials from M&T Bank have notified them that an offer from a Delaware-based business has been accepted. City officials state that there will be more details to come on the former M&T property in the following weeks.

For real estate inquiries including purchases, development, land and sales, individuals can contact Masten Realty at 302-422-1850. For more information on available properties and services, individuals are encouraged to visit http://www.mastenrealty.com.