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    22269 Griswold Rd South Lyon, MI 48178

    Sponsored
    For Sale
    $175,000

    Prime I-1 zoned land, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 1.75-acre commercial and industrial land parcel presents a unique investment opportunity in the thriving South Lyon, Michigan market. Located at 22269 Griswold Road, Lyon Township, MI 48178, this property boasts a highly desirable I-1 Light Industrial zoning designation, opening doors to a wide range of development possibilities. The lot is strategically situated on the southwest corner of Griswold Road and 9 Mile Road, providing exceptional visibility and accessibility. With city water and sewer, electricity, and gas readily available, this site is ready for immediate development. The asking price is $175,000, translating to a land value of $100,000 per acre. The property's convenient location offers close proximity to downtown South Lyon, enhancing its appeal for businesses seeking a blend of accessibility and a vibrant community atmosphere. The APN is 21-32-226-001. This corner lot presents a rare opportunity to acquire a well-positioned industrial site in a growing area. Don't miss this chance to secure a prime piece of real estate in Oakland County.

    Property Features for 22269 Griswold Rd

    General Information

    Property type
    Land
    Lot Size
    76,230 SF

    HighLights

    • I‑1 Light Industrial Zoning.
    • Corner lot at Griswold & 9 Mile Roads.
    • Close proximity to downtown South Lyon.
    • $100,000 per acre.
    • City water, sewer, electricity, and gas available.
    • Located in Lyon Township, Oakland County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6307639
    Latitude
    42.4459728

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    FAQs

    What type of property is this?
    Land - Prime I-1 zoned land, excellent location.
    Where is this land located?
    The property is located at 22269 Griswold Rd South Lyon, MI.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: I-1 Light Industrial Zoning.; Corner lot at Griswold & 9 Mile Roads.; Close proximity to downtown South Lyon.
    Request Owner's contact information
    22269 Griswold Rd 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
    22269 Griswold Rd South Lyon, MI 48178
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