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    56601 Grand Riv Ave South Lyon, MI 48178

    • Land
    • 3.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 56601 Grand Riv Ave

    Lot size
    3.00 lot acres
    Property type
    Land

    Description

    This exceptional three-acre commercial land parcel, located at 56601 Grand River Avenue in South Lyon, Michigan (zip code 48178), presents a unique investment opportunity. The property is zoned B-1, offering a wide range of potential commercial uses. All utilities are conveniently located on-site, simplifying development plans. Priced at $375,000 ($125,000 per acre), this land boasts a highly desirable location in the rapidly expanding downtown New Hudson area. Its proximity to major retail centers like Lyon Crossing and Lyon Town Center, which include established businesses such as Walmart, Lowe's, and Liberty Chevrolet, ensures high visibility and accessibility. This prime retail pad site offers significant potential for developers seeking to capitalize on the area's robust growth and strong consumer base. The property's strategic location and zoning make it an ideal choice for a variety of commercial ventures. Oakland County location provides access to a thriving market and excellent infrastructure. Don't miss this chance to acquire a valuable piece of commercial real estate in a burgeoning Michigan community.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6561
    Latitude
    42.4345

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      61321 8 Mile Rd

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    56601 Grand Riv Ave
    South Lyon, MI 48178
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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