134 East Lake Street, South Lyon 48178
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%
- 2 Story
- Above Grade SqFt
- School District
- South Lyon
- Summer Taxes
- Winter Taxes
- Total No. of Units
- Current Use
- South Lyon Craft Worx
Listing Video for 134 East Lake Street, South Lyon MI 48178
Listing Courtesy of Gri Homes For Today
Office Address 44725 Grand River Ave Ste 102
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