116 E Lake Street South Lyon, MI ^$ 374,900

116 E Lake Street

^$ 374,900

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116 E Lake Street

South Lyon, MI, 48178

^$ 374,900

Bedrooms-- Baths-- Sq 3,506

Monthly Estimate*

^$ 2,339

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Commercial Property for sale in South Lyon, MI

for $374,900. This 3,506 square foot building was built on a lot size of 0.05.

Historic building in South Lyon. With 2000 sq ft on main level and another 1,500 sq ft upstairs which is a blank canvas. Located in the heart of downtown South Lyon. You're not just buying a building but a piece of history. The rubber on roof total was a tear off 6 yrs ago, newer 90+ furnace, on demand hot water, and newer electrical box. Bathroom on main level. You could renovate upstairs for revenue to rent out. Property only business is not for sale.

Commercial Active

Price

^$ 374,900

Property Type

Commercial

Taxes

^$ 7,542

Style

Commercial/Industrial

Lot Size

0.05

Town/City

South Lyon

County/Region

Oakland

MLS | Web ID

60399257

Features

General

Possession At Close

Water Public Water

Status Active Accepting Backup Offers

Year Built 18

Subdivision Assrs 1 - City Of South Lyon MI

Water Heater Gas

County Oakland

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality South Lyon

Zoning Commercial

Sale/Rent For Sale

Status Detail 3

Area South Lyon (63277)

Primary City South Lyon

Directions east of lafayette

City South Lyon

Financial Terms Cash Conventional

Legal Description T1N R7E SEC 29 ASSESSOR'S PLAT NO 1 LOT 21

DOM 198

Postal Code 48178

Price Per Sq Ft Total AG 106.93

Public Remarks Historic building in South Lyon. With 2000 sq ft on main level and another 1

Exterior

Exterior Brick

Frontage 21

Lot Size Area 0.05

Lot Dimensions 21x93x21x93

Roads Class A

Waterfront Y/N No

* Excluded Features

List By

Abraham Ayoub

Listing Agent

Mayfair Real Estate Group

Broker

SOLDABE@COMCAST.NET

Affordability Calculator

$2,967

Per Month

Monthly Principal & Interest: $2,339
Monthly Property Taxes: $629
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in South Lyon, MI

Average List Price ^$1,023,199

Percent of Sale Price 173%

About South Lyon, MI

12,956 Population

29% Since 2002

^$65,418 Median Income

40.31 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/16/2025	$374,900	-6.25%	Price Down
6/2/2025	$399,900		Listed Price

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116 E Lake Street, South Lyon, MI, 48178 is a Commercial Property for sale at $374,900 with 3,506 sqft and a lot size of 0.05. The property's zip code is 48178 which is in South Lyon, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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116 E Lake Street

Commercial Property for sale in South Lyon, MI

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