415 N Lafayette Street, South Lyon, MI 48178
Multi-building facility with showroom, offices, and five loading docks for logistics, manufacturing, or distribution.
- Added:
- Mar 4, 2026
- Days on Market:
- 111
- Last Refresh:
- Jun 20 at 5:03 am
Property Features for 415 N Lafayette Street
General Information
- Standard status
- Active
- Size
- 17,105 SF
- Lot size
- 4.24 Acres
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 1954
Listing agent Ron Yarbrough License #6502433712
Listing office Avera Realty
Listing date Mar 4, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Avera Realty
HighLights
- Multi‑building industrial facility on 4.24 acres with over 35,000 sq ft of usable space
- Front building totals 17,000 sq ft and includes abundant first‑floor office space plus a second‑floor office/conference room
- Showroom already in place for customer display, with floor plan that can be repurposed
- Back building built in 2014 offers 18,000 sq ft with 10‑inch concrete floors
- Logistics‑ready site with 5 loading docks, its own fire hydrant, and a retention pond
- Centrally located in Southeastern Michigan in South Lyon
Overview
The property is located at 415 N Lafayette Street in South Lyon, Michigan, within southeastern Michigan. The configuration combines office and showroom frontage in the front building with dedicated loading for industrial activity, giving the campus a practical live-work style layout for users who need both operational space and customer presentation.
This facility is suited to businesses seeking loading-supported distribution, manufacturing, or logistical operations, with on-site offices and a ready-to-use showroom footprint. The existing building plan also provides flexibility for redevelopment scenarios where an operator or investor may consider multiple tenants within one campus. Developers are also part of the stated target audience, including users interested in creating an industrial park setting.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $287.4k | $16.80 |
| − Vacancy | −$24.4k | −$1.43 |
| EGI | $262.9k | $15.37 |
| − OpEx | −$78.9k | −$4.61 |
| NOI | $184.1k | $10.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- South Lyon
- County
- Oakland
- State
- Michigan
- Longitude
- -83.65278
- Latitude
- 42.4642751
