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    415 Lafayette St South Lyon, MI 48178

    Sponsored
    For Sale
    $3,850,000

    37,450 SF Warehouse, 4.2 Acres, Seller Financing

    Property size:
    37,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional industrial property in South Lyon, Michigan, presents a unique investment opportunity. The complex comprises two buildings totaling 37,450 square feet on a 4.2-acre fenced lot. The front building, constructed in 1954 and renovated in 2017, offers 19,450 square feet, encompassing office space, a showroom, and warehouse area with two overhead doors and four truckwells. The rear building, a newer addition completed in 2019, boasts 18,000 square feet of clear-span warehouse space (60' x 300'), featuring 20-foot ceilings, three overhead doors, and two truckwells. The property is zoned for light industrial use and includes a total of six loading docks and eleven dock-high doors. The asking price is $3,850,000, with seller financing a possibility. This property is located at 415 N. Lafayette St, South Lyon, MI 48178, and features a ceiling height ranging from 16 to 20 feet. The property's APN is 21-19-476-008. This is a single-tenant property. The building is one story.

    Property Features for 415 Lafayette St

    General Information

    Property type
    Distribution properties
    Square Feet
    37,450 SF
    Lot Size
    184,694 SF

    Building Details

    Year Built/Renovated
    1954/2017
    Buildings
    2
    Stories
    1
    Units
    1

    HighLights

    • 37,450 SF two‑building industrial complex on a 4.2‑acre fenced lot in South Lyon, MI.
    • 19,450 SF front building (1954, renovated 2017) with office, showroom, warehouse, 2 overhead doors, and 4 truckwells.
    • 18,000 SF rear building (2019), clear‑span warehouse with 20' ceilings, 3 overhead doors, and 2 truckwells.
    • Seller financing considered.
    • Five grade‑level doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Genesis Psychological Services Psychologist Erica Hubbell Social Worker Day James L ... Psychologist Michigan Life & Health ... Insurance Agency Mortgage 1 South ... Mortgage Lender

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6523627
    Latitude
    42.463931

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    FAQs

    What type of property is this?
    Distribution property - 37,450 SF Warehouse, 4.2 Acres, Seller Financing
    Where is this distribution property located?
    The property is located at 415 Lafayette St South Lyon, MI.
    What is the asking price?
    The asking price for this property is $3,850,000.
    What are key features of this property?
    This property features: 37,450 SF two-building industrial complex on a 4.2-acre fenced lot in South Lyon, MI.; 19,450 SF front building (1954, renovated 2017) with office, showroom, warehouse, 2 overhead doors, and 4 truckwells.; 18,000 SF rear building (2019), clear-span warehouse with 20' ceilings, 3 overhead doors, and 2 truckwells.
    Request Owner's contact information
    415 Lafayette 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
    415 Lafayette St South Lyon, MI 48178
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