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Property profile

264-304 Lafayette St South Lyon, MI 48178

OFF-MARKET
Neighborhood centers
View Sample
5,786 SF Built 1971

Property summary

AI-generated overview

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

Verified
Property type Neighborhood centers
Year built 1971
Total area 5,786 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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