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    OFF-MARKET
    Industrial land

    22269 Griswold Rd, South Lyon, MI 48178-9406

    1.75 ac lot
    Individually Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-2545420
    Property summary
    AI-generated overview

    This exceptional 1.75-acre commercial and industrial land parcel presents a unique investment opportunity in the thriving South Lyon, Michigan market. Located at 22269 Griswold Road, Lyon Township, MI 48178, this property boasts a highly desirable I-1 Light Industrial zoning designation, opening doors to a wide range of development possibilities. The lot is strategically situated on the southwest corner of Griswold Road and 9 Mile Road, providing exceptional visibility and accessibility. With city water and sewer, electricity, and gas readily available, this site is ready for immediate development. The asking price is $175,000, translating to a land value of $100,000 per acre. The property's convenient location offers close proximity to downtown South Lyon, enhancing its appeal for businesses seeking a blend of accessibility and a vibrant community atmosphere. The APN is 21-32-226-001. This corner lot presents a rare opportunity to acquire a well-positioned industrial site in a growing area. Don't miss this chance to secure a prime piece of real estate in Oakland County.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 1.75 ac (76,230 SF)
    Zoning code IV
    APN K -21-32-226-001
    UPID US43-2545420
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Jonathan E Stone · 4 yrs held
    Jonathan E Stone
    since 2021
    Last sale
    $135,000
    3 recorded transactions
    2021
    $135,000
    2012
    2007
    Zoning & alternative use
    IV · South Lyon, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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