For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

201 Mill St South Lyon, MI 48178

Sponsored
For Sale
$2,995,000

Thriving Auto Business & Real Estate

Property size:
14,938 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
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 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

HighLights

  • 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.
  • Prime location near downtown South Lyon.
Property Profile Location Intelligence

Current Use by Public Records

ADVANCED ENGINEERING INDUSTRIES Machining Manufacturer National Mechanix Auto Repair Shop

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
South Lyon
County
Oakland
State
Michigan
Longitude
-83.6445062
Latitude
42.4594523

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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message