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    7 Mile Rd South Lyon, MI 48178

    Sponsored
    For Sale
    $1,199,999

    High-traffic corner lot, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 15.9-acre parcel presents a unique investment opportunity in South Lyon, Michigan. Located at the bustling intersection of 7 Mile Road and Pontiac Trail in Washtenaw County, this property boasts a prime corner location with significant traffic volume, increasing annually. The sale includes two parcel ID numbers: A00107100016 and A00107100013, encompassing the entire northwest corner of the intersection. A recently completed roundabout enhances visibility and accessibility. The property benefits from a new garden center directly across the street. Zoning is mixed commercial/residential, offering flexibility for various development scenarios. A portion of the land is zoned residential, potentially allowing for subdivision (contact Salem Township for specific requirements). Another portion is zoned for local commercial use; detailed information regarding permitted uses under Article 20 is available in the provided documentation. Flood certification information from FEMA maps is also included in the provided documents. This property is ideal for immediate development or long-term investment, capitalizing on the consistent growth in traffic counts. The asking price is $1,199,999. The zip code is 48178.

    Property Features for 0 7 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    692,604 SF

    HighLights

    • $1,199,999 asking price.
    • 15.9‑acre land parcel.
    • Commercial/Residential zoning.
    • Located at the busy intersection of 7 Mile Rd and Pontiac Trail in South Lyon, MI (48178).
    • Includes two parcel IDs: A00107100016 & A00107100013.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop HVAC Service Garden Center Electrical Service Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6526683
    Latitude
    42.4157025

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, development potential.
    Where is this land located?
    The property is located at 7 Mile Rd South Lyon, MI.
    What is the asking price?
    The asking price for this property is $1,199,999.
    What are key features of this property?
    This property features: $1,199,999 asking price.; 15.9-acre land parcel.; Commercial/Residential zoning.
    Request Owner's contact information
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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
    7 Mile Rd South Lyon, MI 48178
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