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Second-Floor Office Unit
For Lease
$10 SF/Yr

131 N Lafayette St, South Lyon, MI 48178

Open commercial layout with two private entrances, a kitchenette, conference room, and dedicated restroom.

Space Size3,200 SF
Days on Market111

Property Features for 131 N Lafayette St

General Information

Standard status Active
Size 3,200 SF
Net Rentable 3,200 SF
Property subtype Office
Zoning CBD

Space & Availability

Available Space 3,200 SF
Contiguous Space 3,200 SF
Floor 2
Space Use Office
Sublease No
Meeting Rooms 1

Amenities

private entrances
kitchenette
Listing Agency: Gerdom Realty & Investment
Listed By: Bill McLeod · License #6501389134
Source: Cpix.resimplifi
Added: May 12 Changed: Aug 29 Last Checked: Aug 29 at 4:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gerdom Realty & Investment

Investment Insights

Based on property information with market context.

This 3,200 SF office unit occupies the second floor and is configured for professional use. The space includes two private entrances, a large open floor plan, one bathroom, a kitchenette, and a conference room. The property is zoned CBD.

The building sits at the southwest corner of North Lafayette Street and Whipple Street in downtown South Lyon, Michigan. Its central setting provides an established downtown address for an office occupant, while the separate entrances offer direct access to the premises.

Key Highlights

  • 3,200 SF of second‑floor office space
  • Two private entrances provide direct access
  • Large open floor plan for office use

Property Analytics

Current Use

ContainerPort Group Logistics Trucking Company Coral Sash Boutique Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

538
Businesses Nearby

Demographics for 48178, MI

36,858
Population
14,402
Households
2.6
Avg Household Size
42
Median Age
53%
College-Educated
98%
High-School Grad
48.0 sq mi
ZIP Area
768
Density / Sq Mi
$130,781
Median Household Income
$70,253
Median Earnings
$1,231
Median Rent
$392,300
Median Home Value

Market

Lease Benchmarks for South Lyon, MI

$17.98 /SF/Yr
Avg Asking Price
$4.92–$27 /SF/Yr
Price Range
6,813 SF
Avg Space Size

This space is priced 44% below the average of $17.98 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Open commercial layout with two private entrances, a kitchenette, conference room, and dedicated restroom.
Where is this office units located?
The property is located at 131 N Lafayette St South Lyon, MI.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 3,200 SF of second‑floor office space; Two private entrances provide direct access; Large open floor plan for office use
More about this property
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