Financial
Distress signals
Property profile

12660 10 Mile Rd South Lyon, MI 48178

FOR LEASE
Other commercial real estate
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Property ID
US43-1860360
9,914 SF 0.99 ac lot Built 1950
Last sale Oct 2005 · $495,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property is a 13,500-square-foot medical office building featuring a multi-tenant layout. It includes two suites that total 5,300 square feet, consisting of one 4,200-square-foot suite and one 1,100-square-foot suite, within a building that is otherwise partially occupied. The property is located at 12660 10 Mile Rd in South Lyon, Michigan, in the Metro Detroit market. The leasing structure is described as gross plus, with tenant responsibility for electricity, water, garbage, and medical

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$28k
Tax billed · 2019
Assessed value · 2023$1.17M
Effective rate2.37%

Value estimate

· Sep 2026
$1.88M
$1.69M – $2.07M
Submarket $/SF estimate$1.88M
NOI build-up
Gross scheduled income$7k
Vacancy & credit loss−$2k
Operating expenses−$1k
NOI · 21,038.89% cap applied$4k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$125/SF
County average, outlier-cleaned · 326 recorded sales of this use type
Observed band · Q1–Q3$69 – $189
Qualifying comparables6

Cap rate analysis

How does the asset earn?
21,038.89%
$4k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LI
JurisdictionLIVINGSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.1
Restaurant19.5
Wholesale Shop16.1

Location

12660 10 Mile Rd South Lyon, MI 48178
County assessor Recorded deeds · 6 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12568 10th Mile, South Lyon, MI 48178-8171 $3,600,000 Sep 2024 23,048 SF
8860 Pontiac, South Lyon, MI 48178-9601 $150,000 Jun 2024 2,576 SF
11801 Doane, South Lyon, MI 48178-9315 $40,000 Dec 2023 12,948 SF
6009 7th Mile, South Lyon, MI 48178-9651 $270,000 Aug 2023 1,878 SF
10855 Silver Lk, South Lyon, MI 48178-8832 $170,000 Sep 2022 1,246 SF
188 Whipple, South Lyon, MI 48178-1114 $365,000 Dec 2020 1,512 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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