Property profile

415 Lk St South Lyon, MI 48178

OFF-MARKET
Industrial properties
Property ID
US43-1285014
24,091 SF 2.39 ac lot Built 1950
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A flex building, located at 415 E Lake Street in South Lyon, Michigan, presents a compelling investment opportunity. Boasting 27,000 square feet of net rentable space across two single-story buildings, this property offers significant potential for a variety of uses. Constructed in 2006, the building features a 20-foot ceiling height, three dock-high doors, and ample parking. Situated on a 2.39-acre lot in Oakland County, the property benefits from its prime location, just blocks from downtown South Lyon, at a high-traffic intersection with excellent visibility. The permitted zoning is industrial, making it suitable for a range of businesses. Currently occupied by a hardware store (available for separate sale), this property is ideal for retail, food service, fitness, or flex space uses. The asking price is $3,500,000. The property's address is 415 E Lake St, South Lyon, MI 48178, and its APN is 80-21-20-326-015. This is a single-tenancy property with excellent exposure and access for clients.

Property profile

Verified
Property type Industrial properties
Use group LUMBERYARD, BUILDING MATERIALS
Year built 1950
Total area 24,091 SF
Lot 2.39 ac (104,108 SF)
Zoning code II
APN 80-21-20-326-015
UPID US43-1285014

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Rental Facility
  • Building Supply Hardware & Home Improvement

Location

415 Lk St South Lyon, MI 48178-1569
South Lyon metro Census 139400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2025
Last sale
$3.0M
6 recorded transactions
2025
$3.0M
2010
Price N/A
2004
Price N/A
2000
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

II · South Lyon, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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