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    Property profile & analytics
    OFF-MARKET Estimated value $3,955,000
    Warehouses

    23333 Griswold Rd, South Lyon, MI 48178-8739

    44,578 SF 9.8 ac lot Built 1981
    Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1796883
    Property summary
    AI-generated overview

    This exceptional South Lyon, Michigan industrial property, located at 23333 Griswold Rd, zip code 48178, offers 4,950 square feet of versatile space ideal for manufacturing, warehousing, or distribution. The building, constructed in 1967 and renovated in 2000, sits on a 9.8-acre lot and boasts a total building size of 48,151 square feet. The property features a substantial 41,603 square feet of industrial area with a 40-foot clear height, complemented by 6,548 square feet of office space. Loading is facilitated by eight grade-level doors. The facility includes a one-ton crane for efficient material handling and ample parking with 100 surface spaces. The office space is available in sizes ranging from 1,800 to 3,750 square feet, and warehouse space is 1,200 square feet. Both office and warehouse space are priced at $13.00 per square foot, plus utilities. Fire suppression is in place, meeting ordinary hazard standards. While the property is served by no rail, its strategic location in South Lyon provides excellent access to major transportation routes. This single-tenant property presents a unique opportunity for businesses seeking a well-maintained and functional industrial space. The two-story building offers a blend of modern updates and established infrastructure, making it an attractive option for a variety of industrial operations.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1981
    Total area 44,578 SF
    Lot 9.8 ac (426,888 SF)
    Zoning code II
    APN K -21-29-426-002
    UPID US43-1796883
    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
    Current use
    Occupant on record · Public records
    • Action Sports and Community Center Gym & Fitness Center Sports Field & Court
    • Dynamite Volleyball Gym & Fitness Center
    • Michigan Matcats Sports School
    • The Gathering Place Hotel & Motel Resort
    • CaseConcepts LLC Production Facility Furniture & Home Goods
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.38M
    Blend (final) Blend
    $3.96M
    Owner & transaction history
    Griswold Duncan Properties LLC · 17 yrs held
    Griswold Duncan Properties LLC
    since 2008
    2 recorded transactions
    2008
    $1.3M
    1998
    Zoning & alternative use
    II · South Lyon, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $5.5M +60.5%
    Office building $5.2M +53.6%
    Neighborhood: shopping center $4.2M +21.9%
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