Property summary
This exceptional 18,000-square-foot industrial warehouse, located at 385 N Mill St in South Lyon, Michigan, presents a compelling investment opportunity. Priced at $1,500,000 ($83.33/sq ft), this single-story, Class C building sits on a 1.33-acre lot and boasts a desirable I-1 Industrial zoning. Built in 1960, the property features an impressive 18-foot ceiling height at the ridge and 12-foot clearance at the haunch, providing ample storage and operational space. Access is facilitated by a 10' x 12' drive-in door. The warehouse is equipped with 480v buss ducts and a compressed air loop, enhancing its functionality. Power is supplied by pole-mounted transformers, feeding a main switchgear rated for 1600 amp service at 480/277 volts. Parking is available for 15 vehicles. The property's convenient location offers close proximity to downtown South Lyon. Additional land may be available for expansion. The property's APN is 21-20-326-011, and the zip code is 48178. This free-standing warehouse is ideal for a variety of industrial uses.
Property profile
VerifiedCap rate & NOI
Current use
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Factory Industrial Manufacturer
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Construction Company General Contractor
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Industrial Manufacturer
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IV · South Lyon, MIZoning
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Zoning designation
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