Retail Space For
106 S Lafayette St South Lyon, MI 48178
106 S Lafayette St, South Lyon, MI, 48178
Contact for pricing
For Sale
Contact for pricing
6,800 SqFt retail space available for purchase.
Property Size6,800 SF
Price / SF$242.65
Days on Market1210
Property Features for 106 S Lafayette St
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Property subtype
- Retail
Listing Agency
Colliers - Royal Oak/Detroit, Michigan
Listed by
Michael Koenigbauer · License #6501346706
Source
Crexi
Added: Mar 30, 2023 Updated: Jul 6 at 7:44 am Checked: Jul 17 at 11:30 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Royal Oak/Detroit, Michigan
Investment Insights
Based on property information with market context.
This is a 6,800 square foot retail space available for sale.
Key Highlights
- Retail Property
- 6,800 SqFt
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 | $114.2k | $16.80 |
| − Vacancy | −$9.7k | −$1.43 |
| EGI | $104.5k | $15.37 |
| − OpEx | −$31.4k | −$4.61 |
| NOI | $73.2k | $10.76 |
6,800 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.05M
$914.6K – $1.22M
NOI $73,171 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,669 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
24 Hours Garage ...
Home Help
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 6,800 SqFt retail space available for purchase.
Where is this retail space located?
The property is located at 106 S Lafayette St South Lyon, MI.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Retail Property; 6,800 SqFt
