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    Property profile & analytics

    513 Lafayette St South Lyon, MI 48178-1453

    • Drive through restaurants
    • 2,190 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 15, 2021
    Location Intelligence
    Property ID
    US43-1837501
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hungry Howie's Pizza / Pizza Delivery / Pizza Restaurant

    Property Details for 513 Lafayette St

    Year built
    1994
    Lot size
    0.61 lot acres
    Property size
    2,190 SF
    Zone code
    BI
    Property type
    Drive through restaurants
    APN
    80-21-29-151-025
    APU
    802129151025

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6505
    Latitude
    42.456
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,938
    $0.00
    $0.00
    $236,370
    -
    $0.00
    $0.00
    $472,740

    Comparable in this City

    • Value Estimation
      $470,000
      1,605 SF

      399 Lafayette St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,605 SF
      399 Lafayette St, South Lyon, MI 48178-1407
      View Details
    • Value Estimation by Request
      5,222 SF

      22100 Pontiac Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,222 SF
      22100 Pontiac Trl, South Lyon, MI 48178-1620
      View Details
    • Value Estimation by Request
      4,083 SF

      22700 Pontiac Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,083 SF
      22700 Pontiac Trl, South Lyon, MI 48178-1659
      View Details
    • Value Estimation by Request
      2,767 SF

      22729 Pontiac Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,767 SF
      22729 Pontiac Trl, South Lyon, MI 48178-1601
      View Details
    • Value Estimation by Request
      2,660 SF

      22315 Pontiac Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,660 SF
      22315 Pontiac Trl, South Lyon, MI 48178-1658
      View Details
    • Value Estimation by Request
      3,267 SF

      440 Lafayette St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,267 SF
      440 Lafayette St, South Lyon, MI 48178-1459
      View Details

    Similar Nearby for Sale

    • $895,000
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      Freestanding Building with Drive-Thru

      2,062 SF renovated building with drive-thru in South Lyon.
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    • $1,429,000
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      Established Business and Historic Building

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      14,938 SF

      National Mechanix Auto Shop

      Thriving Auto Business & Real Estate
      201 Mill St, South Lyon, MI 48178
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    • $374,900

      Historic Building in Downtown

      Historic South Lyon building with retail and renovation potential.
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    • $1,400,000
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      Downtown South Lyon Retail Building

      6,800 SF Storefront, $1.4M Asking
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    Similar Nearby for Lease

    • Contact for pricing
      6,575 SF

      Retail Space with Kitchen Infrastructure

      Retail space with kitchen infrastructure in walkable downtown location.
      264-304 N Lafayette St, South Lyon, MI 48178
      View Details
    • $795 /Mo

      Downtown South Lyon Commercial Space

      Commercial space for lease in the heart of downtown.
      161 Whipple St, South Lyon, MI 48178
      View Details
    • $20 SF/Yr
      3,000 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in a high-income, growing residential area.
      22385 Pontiac Trl, South Lyon, MI 48178
      View Details
    • $24 SF/Yr
      11,180 SF

      South Lyon Retail Space - 11,180 SF

      Prime South Lyon retail/office space, 11,180 sq ft, ample parking.
      25610 Pontiac Trail Rd, South Lyon, MI 48178
      View Details
    • $17 SF/Yr
      1,270 SF

      South Lyon Retail Center Space

      Retail space available in a growing South Lyon community.
      21200 Pontiac Trl, South Lyon, MI 48178
      View Details
    • $240 SF/Yr
      6,821 SF

      South Lyon Medical Office Condo

      Modern medical suites, prime location.
      21555 Pontiac Trail Rd, South Lyon, MI 48178
      View Details
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    513 Lafayette St
    South Lyon, MI 48178-1453
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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