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    385 Mill St South Lyon, MI 48178

    Sponsored
    For Sale
    $1,500,000

    18,000 SF Industrial Warehouse, 1.33 Acres

    Property size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 18,000-square-foot industrial warehouse, located at 385 N Mill St in South Lyon, Michigan, presents a compelling investment opportunity. Priced at $1,500,000 ($83.33/sq ft), this single-story, Class C building sits on a 1.33-acre lot and boasts a desirable I-1 Industrial zoning. Built in 1960, the property features an impressive 18-foot ceiling height at the ridge and 12-foot clearance at the haunch, providing ample storage and operational space. Access is facilitated by a 10' x 12' drive-in door. The warehouse is equipped with 480v buss ducts and a compressed air loop, enhancing its functionality. Power is supplied by pole-mounted transformers, feeding a main switchgear rated for 1600 amp service at 480/277 volts. Parking is available for 15 vehicles. The property's convenient location offers close proximity to downtown South Lyon. Additional land may be available for expansion. The property's APN is 21-20-326-011, and the zip code is 48178. This free-standing warehouse is ideal for a variety of industrial uses.

    Property Features for 385 Mill St

    General Information

    Property type
    Distribution properties
    Square Feet
    18,000 SF
    Class
    C
    Lot Size
    57,935 SF

    Building Details

    Year Built
    1960
    Stories
    1

    HighLights

    • Free‑standing industrial warehouse building in South Lyon, MI, near downtown.
    • Features a 10' x 12' drive‑in door, 480v buss ducts, and compressed air loop.
    • High ceilings: 18' clear at the ridge, 12' clear at the haunch.
    • 1600 amp, 480/277‑volt electrical service via pole‑mounted transformers.
    • Additional land available for expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    G.M. Refractories, Inc Industrial Equipment Supplier Industrial Commercial Construction General Contractor South Lyon Machine ... Machine Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6458921
    Latitude
    42.4640719

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    FAQs

    What type of property is this?
    Distribution property - 18,000 SF Industrial Warehouse, 1.33 Acres
    Where is this distribution property located?
    The property is located at 385 Mill St South Lyon, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Free-standing industrial warehouse building in South Lyon, MI, near downtown.; Features a 10' x 12' drive-in door, 480v buss ducts, and compressed air loop.; High ceilings: 18' clear at the ridge, 12' clear at the haunch.
    Request Owner's contact information
    385 Mill St 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
    385 Mill St South Lyon, MI 48178
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