500 Stryker St South Lyon, MI 48178
- Commercial real estate
- 6.96 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 500 Stryker St
- Lot size
- 6.96 lot acres
- Property type
- Commercial real estate
- APN
- 21-29-176-012
Description
This exceptional 6.96-acre parcel, located at 500 Stryker Street in South Lyon, Michigan (Oakland County, zip code 48178), presents a unique investment opportunity. Currently zoned R3 Single Family Residential, this property offers significant potential for various development projects. The asking price is $1,500,000, translating to approximately $215,517 per acre. The property's APN is 21-29-176-012. Its strategic location places it just a short distance from the vibrant downtown area of South Lyon, providing convenient access to local amenities and services. Importantly, this land has a history of approved development, with prior plans encompassing a seven-building apartment complex. While the previous plans are not guaranteed, they demonstrate the feasibility of large-scale residential development on this site. This makes it an attractive proposition for builders and investors seeking to capitalize on the growing demand for housing in the South Lyon area. The expansive lot size provides ample space for a variety of residential projects, offering flexibility and potential for significant returns. Serious inquiries are encouraged to explore the possibilities of this remarkable property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Lyon
- County
- Oakland
- State
- Michigan
- Longitude
- -83.6461585
- Latitude
- 42.4566995
