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Property profile & analytics
OFF-MARKET
Land

0 7 Mile Rd South Lyon, MI 48178

15.9 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 15.9-acre parcel presents a unique investment opportunity in South Lyon, Michigan. Located at the bustling intersection of 7 Mile Road and Pontiac Trail in Washtenaw County, this property boasts a prime corner location with significant traffic volume, increasing annually. The sale includes two parcel ID numbers: A00107100016 and A00107100013, encompassing the entire northwest corner of the intersection. A recently completed roundabout enhances visibility and accessibility. The property benefits from a new garden center directly across the street. Zoning is mixed commercial/residential, offering flexibility for various development scenarios. A portion of the land is zoned residential, potentially allowing for subdivision (contact Salem Township for specific requirements). Another portion is zoned for local commercial use; detailed information regarding permitted uses under Article 20 is available in the provided documentation. Flood certification information from FEMA maps is also included in the provided documents. This property is ideal for immediate development or long-term investment, capitalizing on the consistent growth in traffic counts. The asking price is $1,199,999. The zip code is 48178.

Property profile
Verified
Property type Land
Lot 15.9 ac (692,604 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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