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Financial
Distress signals
Property profile

385 N Mill St South Lyon, MI 48178

FOR SALE
Warehouses
Property ID
US43-0707706
18,320 SF 1.33 ac lot Built 1960
Last sale Oct 2009 · $197,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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.

Debts

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 · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value · 2024$265k
Effective rate4.44%

Value estimate

· Oct 2026
$405k
$365k – $446k
Submarket $/SF estimate$877k
NOI build-up
Gross scheduled income$132k
Vacancy & credit loss−$5k
Operating expenses−$19k
NOI · 7.22% cap applied$108k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$76/SF
County average, outlier-cleaned · 180 recorded sales of this use type
Observed band · Q1–Q3$48 – $129
Qualifying comparables4

Cap rate analysis

How does the asset earn?
7.22%
$108k 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?
II
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm22.8
Realty agency21.2
Nail Salon16.9

Location

385 N Mill St South Lyon, MI 48178
County assessor Recorded deeds · 1 transfer 4 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 · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
410 Pettibone, South Lyon, MI 48178-1273 $255,000 Dec 2024 3,184 SF
500 Ml, South Lyon, MI 48178-1263 $1,050,000 Mar 2023 9,389 SF
12400 Doane, South Lyon, MI 48178-8801 $1,350,000 Aug 2022 30,640 SF
245 Ml, South Lyon, MI 48178-1813 $5,000,000 Jul 2022 64,555 SF
21946 Pontiac, South Lyon, MI 48178-9410 $825,000 Jul 2019 8,000 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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