0 Lyon Township South Lyon, MI 48178
This exceptional 20-acre parcel in South Lyon, Michigan, presents a unique investment opportunity. Strategically located on the south side of 10 Mile Road, just west of Griswold, this property boasts a versatile zoning configuration ideal for diverse development. Approximately 11.9 acres are zoned for residential use, split between R-1.0 (Residential-agricultural) and RM-2 (Multi-family), offering potential for single-family homes and multi-family dwellings. The remaining 8.29 acres are zoned I-2 (General Industrial District), opening doors for industrial development. The property benefits from an existing easement providing convenient access to water and sewer utilities, simplifying infrastructure development. This location within Oakland County, zip code 48178, is experiencing significant growth, making this a prime opportunity to capitalize on the area's burgeoning development. The asking price for this expansive tract is $2,000,000. This land offers exceptional flexibility for developers seeking a mixed-use project or separate residential and industrial ventures. Don't miss this chance to acquire a substantial parcel in a thriving 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
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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.