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    101 N Lafayette St South Lyon, MI 48178

    For Sale
    $1,429,000

    Business And Real Estate - South Lyon, MI

    Property size:
    3,784 SF
    Lot size:
    0.05 Acres
    Days on Market:
    149
    Last Refresh:
    Dec 9 at 6:06 am

    Property Features for 101 N Lafayette St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    2119477022
    Size
    3,784 SF
    Lot size
    0.05 Acres

    Building Details

    Year built
    1900
    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Other

    Arterra Realty LLC (248) 731-0048 [email protected]

    Listing agent Elena Marogy (248) 731-0048

    Listing date Jul 14, 2025

    MLS# 20251016909 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Business and Historic Building

    This established home decor and gift shop, founded in 2007, is located in downtown South Lyon. The business serves the South Lyon community and attracts customers from surrounding cities. The property is a historic building dating back to the 1900s, featuring original tin wall ceilings, brick, and hardwood floors. The building has undergone updates, including new electrical and plumbing systems, a renovated stairwell, and beautification work on the main level. The property offers potential for various uses. The second level could be converted into a residence or apartment, as it features multiple entryways and a double staircase. The full basement, with its old cobblestone design, presents opportunities for rental or other business ventures, such as a speakeasy. The property size is 3784 square feet and the lot size is 0.05 acres. The building is located in the heart of downtown South Lyon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Corner Social Cafe Grande Trunke Home Gift Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    South Lyon Flowers and Gifts

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6518297
    Latitude
    42.4607265

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    FAQs

    What type of property is this?
    Storefront property - Home decor and gift shop with real estate for sale.
    Where is this storefront property located?
    The property is located at 101 N Lafayette St South Lyon, MI.
    What is the asking price?
    The asking price for this property is $1,429,000.
    What are key features of this property?
    This property features: - Established Home Decor/Gift Shop (Since 2007) with existing customer base and POS system.; - Prime Downtown South Lyon location in a historic 1900's brick building with original charm.; - Updated main level features new electrical, plumbing, and stairwell.
    (248) 731-0048
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    South Lyon, MI 48178
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 N Lafayette St South Lyon, MI 48178
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