106 S Lafayette St South Lyon, MI 48178

This exceptional 6,800 square foot retail storefront, located at 106 S Lafayette St in the heart of downtown South Lyon, Michigan (48178), presents a compelling investment opportunity. Priced at $1,400,000, the property boasts a strong current net operating income of approximately $88,000, projected to increase annually due to built-in rent escalations within the existing leases. The building is a two-tenant property with leases commencing October 2024, offering lease terms of five and eight years respectively, providing long-term stability for the investor. Recent comprehensive renovations have enhanced the property's value and functionality. These upgrades include a new roof, a modernized split electrical system, a new HVAC system, and the completion of all necessary city code improvements. The property benefits from its convenient location, with a city-owned parking lot directly adjacent, ensuring ample free parking for tenants and customers. This turnkey investment offers a blend of immediate income generation and long-term growth potential in a thriving downtown area. The property is classified as a NNN lease type.