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    Property profile & analytics

    515 Ml St South Lyon, MI 48178-1291

    • Warehouses
    • 10,000 SF
    • 3.24 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 27, 2023
    Location Intelligence
    Property ID
    US43-1449926
    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

    • Green Industries, Inc. / Machine Shop
    • Ethos Human Performance / Gym

    Property Details for 515 Ml St

    Year built
    2000
    Lot size
    3.24 lot acres
    Property size
    10,000 SF
    Zone code
    II
    Property type
    Warehouses
    APN
    80-21-20-326-018
    APU
    802120326018

    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
    -83.6462
    Latitude
    42.4663
    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
    $10,303
    $0.00
    $0.00
    $251,770
    -
    $0.00
    $0.00
    $503,540

    Comparable in this City

    • Value Estimation by Request
      44,578 SF

      23333 Griswold Rd

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    • Value Estimation by Request
      343,197 SF

      400 Mcmunn St

      WAREHOUSE, STORAGE • 343,197 SF
      400 Mcmunn St, South Lyon, MI 48178-1379
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    • Value Estimation
      $1,175,000
      9,389 SF

      500 Ml St

      WAREHOUSE, STORAGE • 9,389 SF
      500 Ml St, South Lyon, MI 48178-1263
      View Details
    • Value Estimation by Request
      9,605 SF

      124 Lafayette St

      WAREHOUSE, STORAGE • 9,605 SF
      124 Lafayette St, South Lyon, MI 48178-1211
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    • Value Estimation by Request
      18,320 SF

      385 Ml St

      WAREHOUSE, STORAGE • 18,320 SF
      385 Ml St, South Lyon, MI 48178-1262
      View Details
    • Value Estimation by Request
      14,875 SF

      521 Ml St

      WAREHOUSE, STORAGE • 14,875 SF
      521 Ml St, South Lyon, MI 48178-1291
      View Details

    Similar Nearby for Sale

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      South Lyon Warehouse: $1.5M

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      Two-building industrial complex totaling 37,450 SF on 4.2 acres.
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    • $350,000
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    Similar Nearby for Lease

    • New
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    • $20 SF/Yr
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      Retail Space in Grocery-Anchored Center

      Retail space available in a high-income, growing residential area.
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    • Contact for pricing
      6,575 SF

      Retail Space with Kitchen Infrastructure

      Retail space with kitchen infrastructure in walkable downtown location.
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    515 Ml St
    South Lyon, MI 48178-1291
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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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