201 Mill St South Lyon, MI 48178
Call to check price and availability
Thriving Auto Business & Real Estate
Property size:
14,938 SFProperty Features for 201 Mill St
General Information
- Property type
- Automotive properties
- Square Feet
- 14,938 SF
- Lot Size
- 60,505 SF
Building Details
- Year Built
- 1940
- Buildings
- 4
Listing Agency: Resource Realty Group Listing Agent: Larry Gotcher
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a well-established auto shop in South Lyon, Michigan, boasting a substantial 14,938 square feet across four buildings situated on a 1.389-acre lot. The property, located at 201 S Mill St, 48178, offers a strong 8.71% cap rate with a Net Operating Income (NOI) of $261,000, reflecting a compelling return on investment. Built in 1940, the property includes a thriving auto repair business, generating significant revenue. Further enhancing the profitability, the sale includes an additional income stream of approximately $3,000 per month from lot rentals, adding to the overall financial performance. The property's prime location near downtown South Lyon provides excellent visibility and accessibility, contributing to the business's success. The sale includes the land, buildings, and the established business, presenting a turnkey opportunity for an investor seeking a profitable and established enterprise. The property's parcel number is 21-29-176-025. This is a rare chance to acquire a profitable, established business with significant real estate value in a desirable location. The asking price for this exceptional package is $2,995,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
ADVANCED ENGINEERING INDUSTRIES
Industrial Manufacturer
National Mechanix
Auto Repair Shop
Location Insight
- Map
- Local Demand
- City
- South Lyon
- County
- Oakland
- State
- Michigan
- Longitude
- -83.6445062
- Latitude
- 42.4594523
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - Thriving Auto Business & Real Estate
Where is this automotive property located?
The property is located at 201 Mill St South Lyon, MI.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Established auto repair business with strong revenue.; Additional $3,000/month income from lot rentals.; 1.4-acre lot with four buildings totaling 14,938 square feet.