Flex Industrial Campus with Loading
415 N Lafayette St, South Lyon, MI 48178
For Sale
$2,499,999
Industrial and showroom space with offices and five loading docks, on 4.24 acres and designed for distribution or manufacturing operations.
Property Size35,105 SF
Price / SF$71.21
Days on Market256
Property Features for 415 N Lafayette St
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Avera Realty
Listed By:
Ron Yarbrough · License #6501388642
(734) 330-6501
Source:
Exprealty
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 8 at 3:31PM
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 Avera Realty
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Investment Insights
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This for-sale industrial flex campus totals 35,105 sq. ft. of usable space across two buildings on 4.24 acres. The property is set up with five loading docks, a fire hydrant, and a retention pond, supporting day-to-day logistics and operations. The front building includes abundant office space on the first floor, plus a second-floor office and conference room. A showroom area is also in place, currently arranged to display products, with the layout allowing for alternative uses.
The site is located at 415 N Lafayette St in South Lyon, Michigan, and is described as being centrally located in Southeastern Michigan. The front building provides an opportunity for business visibility and signage, while the overall site configuration supports operational activity on multiple fronts.
The back building was built in 2014 and includes 10-inch concrete floors, offering a solid platform for production, assembly, and distribution. With its loading access and built-out office and showroom components, the space can work for manufacturing and logistics users, as well as companies looking for a combined operations and customer-facing presence. Developers and industrial operators may also evaluate the property as a potential industrial park configuration. For details on availability and fit, contact the listing agent.
The site is located at 415 N Lafayette St in South Lyon, Michigan, and is described as being centrally located in Southeastern Michigan. The front building provides an opportunity for business visibility and signage, while the overall site configuration supports operational activity on multiple fronts.
The back building was built in 2014 and includes 10-inch concrete floors, offering a solid platform for production, assembly, and distribution. With its loading access and built-out office and showroom components, the space can work for manufacturing and logistics users, as well as companies looking for a combined operations and customer-facing presence. Developers and industrial operators may also evaluate the property as a potential industrial park configuration. For details on availability and fit, contact the listing agent.
Key Highlights
- 4.24‑acre industrial site with over 35,000 sq ft of usable space
- Includes 5 loading docks, supporting distribution, logistics, and manufacturing uses
- Back building built in 2014 with 10‑inch concrete floors and 18,000 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,204
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,224,080
$4.2M
Cap Rate 7%
$3,017,200
$3.0M
Cap Rate 9%
$2,346,711
$2.3M
Market Conditions
NOI Build-Up for 35,105 SF
Gross rent
$258.0K $7.35/SF
− Vacancy
−$9.5K −$0.27/SF
EGI
$248.5K $7.08/SF
− OpEx
−$37.3K −$1.06/SF
NOI
$211.2K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,224,080
Cap Rate 7%
$3,017,200
Cap Rate 9%
$2,346,711
Alternative Uses
Best Use
Flex RnD
$5.19M
$4.54M – $6.05M
NOI $363,084 @ 7.0% cap · market cap 14.52%
Second Best
Warehouse
$3.02M
$2.64M – $3.52M
NOI $211,204 @ 7.0% cap · market cap 8.45%
Theoretical Best
Specialty Retail
$7.57M
$6.63M – $8.83M
NOI $530,029 @ 7.0% cap · market cap 21.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
$392,300
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Oakland County, MI
Properties on Market for Flex space in Oakland County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial and showroom space with offices and five loading docks, on 4.24 acres and designed for distribution or manufacturing operations.
Where is this flex space located?
The property is located at 415 N Lafayette St South Lyon, MI.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: 4.24‑acre industrial site with over 35,000 sq ft of usable space; Includes 5 loading docks, supporting distribution, logistics, and manufacturing uses; Back building built in 2014 with 10‑inch concrete floors and 18,000 sq ft
