56601 Grand Riv Ave South Lyon, MI 48178
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.