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    405 N Lafayette St South Lyon, MI 48178

    For Sale
    $749,999

    COMMERCIAL - South Lyon, MI

    Property size:
    3,569 SF
    Lot size:
    3.13 Acres
    Days on Market:
    59
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 405 N Lafayette St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    21-19-476-023
    Size
    3,569 SF
    Lot size
    3.13 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air

    Building Details

    Year built
    1929
    Number of units
    2

    RE/MAX Platinum (734) 741-1000

    Listing agent Robert Sherman (734) 259-2092

    Listing date Oct 8, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Lyon Commercial Land Opportunity

    Located in downtown South Lyon, this expansive 3.13-acre parcel includes two homes situated at 345 and 405 N. Lafayette Street, offering 188 feet of frontage on Lafayette (Pontiac Trail). Zoned CBD, the property is suitable for commercial or mixed-use projects, such as integrating retail spaces with apartments or lofts. This zoning supports high-density developments, promoting a walkable, community-centric environment. The property includes 3569 square feet of residential income properties and single family properties. The value of this property lies in its land potential within a growing central locale. The properties are tenant-occupied.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.651937
    Latitude
    42.463889

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    FAQs

    What type of property is this?
    Commercial land - 3-acre parcel in downtown South Lyon, ideal for development.
    Where is this commercial land located?
    The property is located at 405 N Lafayette St South Lyon, MI.
    What is the asking price?
    The asking price for this property is $749,999.
    What are key features of this property?
    This property features: - Prime 3-acre parcel in Downtown South Lyon with CBD zoning, ideal for high-density commercial or mixed-use development.; - **188 feet of frontage on Lafayette (Pontiac Trail) in a central, walkable location.**; - Significant land potential to capitalize on growth in a vibrant urban center.
    (734) 259-2092
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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
    405 N Lafayette St South Lyon, MI 48178
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