134 East Lake Street, South Lyon 48178

$450,000

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MLS#: 216076075
• For Sale

This property has been Sold!

02/03/2017 at $420,000

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248-304-6700

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EXCELLENT INVESTMENT OPPORTUNITY! This 5,404 SF Building is for sale in the growing community of South Lyon. The site sits less than five miles south of I-96 and about six miles east of US-23. The building is located in the heart of downtown South Lyon with great visibility. Positioned on the southwest corner of East Lake Street and South Lafayette Street, this building sees an average of almost 15,000 vehicles per day. The first floor is leased to Nita Alexa Hair Salon, and generates $2,477 of revenue each month, and the second floor has been recently renovated and holds two apartments. The first apartment is 800 SF and the second is 1400 SF, and generate $1,800 of income each month. The landlord is local and ready to make a deal! NOI: $45,087 CAP: 9.52%

Property Information    

Status
Sold 
Address
134 East Lake Street 
City
South Lyon 
Zip
48178 
Year Built
1920 
Listing Date
08/01/2016 
Architecture
2 Story 
County
Oakland 
Above Grade SqFt
5,404 
Possession
Closing 
Price/SqFt
83.27 

School Information

School District
South Lyon 

Taxes

Summer Taxes
$6,098 
Winter Taxes
$80 

Features

Total No. of Units
Current Use
South Lyon Craft Worx 
Comm. Office Space
2702 
Zoning
Commercial, Office 
Water
Community 
Sub Property Type
Commercial 
Heating
Forced Air, Natural Gas 

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Listing Courtesy of Gri Homes For Today
Office Address 44725 Grand River Ave Ste 102