Property summary
This exceptional single-story retail strip center, located at 264-304 N Lafayette St in South Lyon, Michigan, presents a unique investment opportunity. Built in 1971, the property boasts a total of 5,786 square feet, currently offering multiple spaces for lease. The building is zoned B-1, providing flexibility for a variety of retail uses. The property features ample parking, with a ratio of 5.18 spaces per 1,000 square feet. The address is 264-304 N Lafayette St, South Lyon, MI 48178, and the Oakland County Assessor's Parcel Number (APN) is 21-20-358-006. While the total building square footage is 5,786 square feet, there is currently 6,986 square feet vacant, presenting significant potential for expansion or new tenants. The available spaces range in size from 1,200 square feet to the entire building. This property offers high visibility and convenient access, making it an ideal location for businesses seeking to establish or expand their presence in the thriving South Lyon market. The property's location in Oakland County, Michigan, provides access to a strong consumer base and excellent infrastructure. This is a rare opportunity to acquire a well-located retail property with significant upside potential. Serious inquiries are encouraged.
Property profile
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Value estimations
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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