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Property profile & analytics
OFF-MARKET
Land

0 Mill St South Lyon, MI 48178

2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2-acre parcel of vacant land presents a unique investment opportunity in the thriving South Lyon, Michigan market. Located on North Mill Street, this property boasts a highly desirable IV - Industrial Vacant zoning designation, opening doors to a wide range of commercial and industrial development possibilities. The asking price is $350,000, translating to a competitive $175,000 per acre, reflecting the strong land value in this area. The property's convenient location offers easy access to the amenities and vibrancy of downtown South Lyon, providing excellent visibility and potential for attracting a diverse clientele. With its generous lot size and strategic location, this property is ideally suited for businesses seeking a prominent presence in a rapidly growing community. The property's APN is 21-20-326-002. This is a rare opportunity to acquire a substantial land holding in a prime location with significant development potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is situated in Oakland County, Michigan, and its precise coordinates are latitude 42.4664905 and longitude -83.6456676. The zip code is 48178.

Property profile
Verified
Property type Land
Lot 2 ac (87,120 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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