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    Property profile & analytics
    OFF-MARKET
    Industrial land

    385 Ml St, South Lyon, MI 48178-1262

    2 ac lot
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US43-2543175
    Property summary
    AI-generated overview

    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
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 2 ac (87,120 SF)
    Zoning code IV
    APN 80-21-20-326-002
    UPID US43-2543175
    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
    • G.M. Refractories, Inc Factory Industrial Manufacturer
    • Industrial Commercial Construction Construction Company General Contractor
    • South Lyon Machine Company, LLC. Industrial Manufacturer
    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
    Gmcm Properties LLC · 10 yrs held
    Gmcm Properties LLC
    since 2016
    4 recorded transactions
    2016
    $103,500
    2015
    2014
    2014
    Zoning & alternative use
    IV · South Lyon, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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