Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Center Opportunity Title is generated by Realmo AI

    21188 Pontiac Trail, South Lyon, MI 48178

    View on Map
    Claim this Listing
    New
    For Lease
    $17 SF/Yr $29,750/Mo (calc)

    Strong retail center option in a high-growth community with newly installed monument signage and rare space availability.

    Type:Retail
    Property size:
    21,000 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:53 am

    Property Features for 21188 Pontiac Trail

    General Information

    Standard status
    Active
    Size
    21,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1986

    Spaces For Lease

    at 21188 Pontiac Trail Contact us

    We can help!

    Listing Contact
    Mark Szerlag
    Mark Szerlag

    Listing agent Mark Szerlag License #6502342846

    Listing office Thomas A. Duke Company

    Listing date Jun 2, 2026

    Source Thomasduke

    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 Thomas A. Duke Company

    HighLights

    • 21,000 SF retail center in Lyon Township
    • Located on Pontiac Trail north of 8 Mile
    • Year built: 1986
    • New monument signage installed
    • Retail center in the heart of South Lyon

    Overview

    This retail center totals 21,000 square feet and offers a landlord-ready configuration for businesses seeking a larger-format presence. The property includes new monument signage, supporting visibility for tenants located within the center.

    The center is positioned in the heart of South Lyon at 21188 Pontiac Trail in Lyon Township, north of 8 Mile. It’s situated within one of the state’s faster-growing communities, which can be an important consideration for retailers looking to draw consistent local demand.

    With pricing described as below market rates and availability characterized as rare for this size, the property may fit a range of retail users that value storefront-level exposure and a consolidated center environment. If you’re evaluating options for a mid-size or larger retail footprint, this center’s scale and signage improvements are practical factors to weigh.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Similar Places Nearby

    • Brookdale Square — 22331 Pontiac Trail, South Lyon, MI 48178

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6594
    Latitude
    42.4435

    Nearby Similar for Lease

    • $1,900/Mo
      1,559 SF

      South Lyon Commercial Space Available

      Commercial space with excellent exposure and traffic in South Lyon.
      7300 Pontiac Trail, South Lyon, MI 48178
      View Details
    • $27 SF/Yr
      14,200 SF

      Brand-New Office Medical Retail Development

      Two-building office and medical-ready development delivering new space for growing South Lyon demand.
      26800 Pontiac Trail, South Lyon, MI 48178
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in South Lyon

      1,600 sq ft retail space in premier strip center.
      57116 10 Mile Rd, South Lyon, MI 48178
      View Details
    • $20 SF/Yr
      3,000 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in a high-income, growing residential area.
      22385 Pontiac Trail, South Lyon, MI
      View Details
    • $24 SF/Yr
      1,930 SF

      South Lyon Medical Suite Opportunity

      1,930 SF medical suite available for lease.
      21800 Pontiac Trl, South Lyon, MI
      View Details
    • Contact for pricing
      6,575 SF

      Retail Space with Kitchen Infrastructure

      Retail space with kitchen infrastructure in walkable downtown location.
      264-304 N Lafayette St, South Lyon, MI 48178
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Kroger

      Retail spaces available in a vibrant South Lyon shopping center.
      20732-20758 PONTIAC TRAIL, South Lyon, MI 48178
      View Details

    FAQs

    What type of property is this?
    Shopping center - Strong retail center option in a high-growth community with newly installed monument signage and rare space availability.
    Where is this shopping center located?
    The property is located at 21188 Pontiac Trail South Lyon, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 21,000 SF retail center in Lyon Township; Located on Pontiac Trail north of 8 Mile; Year built: 1986
    (248) 476-3700
    We can help!
    Listing Contact
    Mark Szerlag
    Mark Szerlag
    Real Estate License ID: 6502342846
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    21188 Pontiac Trail, South Lyon, MI 48178
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!