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    Mill St South Lyon, MI 48178

    Sponsored
    For Sale
    $350,000

    2 Acres, $350,000 - Industrial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 2-acre parcel of vacant land presents a unique investment opportunity in the thriving South Lyon, Michigan market. Located on North Mill Street, this property boasts a highly desirable IV - Industrial Vacant zoning designation, opening doors to a wide range of commercial and industrial development possibilities. The asking price is $350,000, translating to a competitive $175,000 per acre, reflecting the strong land value in this area. The property's convenient location offers easy access to the amenities and vibrancy of downtown South Lyon, providing excellent visibility and potential for attracting a diverse clientele. With its generous lot size and strategic location, this property is ideally suited for businesses seeking a prominent presence in a rapidly growing community. The property's APN is 21-20-326-002. This is a rare opportunity to acquire a substantial land holding in a prime location with significant development potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is situated in Oakland County, Michigan, and its precise coordinates are latitude 42.4664905 and longitude -83.6456676. The zip code is 48178.

    Property Features for 0 Mill St

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 2‑acre vacant land parcel in South Lyon, MI with IV Industrial Vacant zoning.
    • Located near downtown South Lyon for excellent visibility and access to amenities.
    • Asking price: $350,000 ($175,000/acre).
    • APN: 21‑20‑326‑002.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6456676
    Latitude
    42.4664905

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    FAQs

    What type of property is this?
    Land - 2 Acres, $350,000 - Industrial Zoning
    Where is this land located?
    The property is located at Mill St South Lyon, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 2-acre vacant land parcel in South Lyon, MI with IV Industrial Vacant zoning.; Located near downtown South Lyon for excellent visibility and access to amenities.; Asking price: $350,000 ($175,000/acre).
    Request Owner's contact information
    Mill St South Lyon, MI 48178
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    South Lyon, MI 48178
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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
    Mill St South Lyon, MI 48178
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