Property profile

116 Lk St South Lyon, MI 48178

OFF-MARKET
Retail space
Property ID
US43-1466581
3,506 SF 0.05 ac lot Built 1870
Individually Owned ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1870
Total area 3,506 SF
Lot 0.05 ac (2,178 SF)
Zoning code BI
APN 80-21-29-101-005
UPID US43-1466581

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store

Location

116 Lk St South Lyon, MI 48178-1409
South Lyon metro Census 139400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2026
Last sale
$245,000
2 recorded transactions
2026
$325,000
2022
$245,000

Zoning & alternative use

BI · South Lyon, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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