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106 S Lafayette St
South Lyon, MI 48178
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located on the corner of S. Lafayette and 10 Mile Rd
EXECUTIVE SUMMARY
• 6,800 SF Retail Building Available for Sale in the Heart of Downtown South Lyon
• Purchase Price: $1,650,000
• Two Tenant Building with 5 and 8 Year Leases Commencing in October 2024
• Current NOI +/- $ 108,186 with Annual Rent Increases
• Building Has Been Completely Renovated with a New Roof, Split Electrical System, New HVAC, and All City Code Improvements Complete
• City Parking Lot Adjacent to the Property with Free Parking
• Purchase Price: $1,650,000
• Two Tenant Building with 5 and 8 Year Leases Commencing in October 2024
• Current NOI +/- $ 108,186 with Annual Rent Increases
• Building Has Been Completely Renovated with a New Roof, Split Electrical System, New HVAC, and All City Code Improvements Complete
• City Parking Lot Adjacent to the Property with Free Parking
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Building Size
6,800 SF
Building Class
B
Year Built/Renovated
1966/2021
Price
$1,650,000
Price Per SF
$242.65
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.65
Lot Size
0.24 AC
Zoning
B-1 - Commercial Zoned District
Parking
1 Spaces (0.15 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 21-30-228-014 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $288,640 |
PROPERTY TAXES
Parcel Number
21-30-228-014
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$288,640
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