106 S Lafayette St - Retail FOR SALE


South Lyon, MI 48178- Downtown South Lyon
$1,650,000 USD
248-226-1635
106 S Lafayette St, South Lyon, MI for Sale
$1,650,000 USD
Retail - FOR SALE
1/6
null | Request Cap Rate

106 S Lafayette St
South Lyon, MI 48178
Downtown South Lyon


HIGHLIGHTS

  • Located on the corner of S. Lafayette and 10 Mile Rd

OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

B-1

APN/PARCEL ID

21-30-228-014

ASK ABOUT THIS PROPERTY

248-226-1635

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248-226-1635

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