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101 N LAFAYETTE Street South Lyon, MI $ 1,429,000
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$ 1,429,000 Get more info
101 N LAFAYETTE Street
$ 1,429,000
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Share Save

101 N LAFAYETTE Street

South Lyon, MI, 48178
$ 1,429,000
Bedrooms-- Baths-- Sq 3,784

Monthly Estimate*

$ 8,915

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Commercial Property for sale in South Lyon, MI

for $1,429,000. This 3,784 square foot building was built in 1900 on a lot size of 0.05.

This Home Decor/Gift Shop can be yours! Established in 2007, this business has been the cornerstone of Downtown South Lyon serving the South Lyon Community and attracting customers from surrounding cities. Located in the heart of downtown South Lyon, this historic original 1900’s building exudes it’s own charm with original tin wall ceiling, brick and hard wood floors. Many updates, including new electrical, plumbing, stairwell and beautification on the main level. Unlimited potential on 2nd level to convert to own resident or apartment as building has multiple entryways and double staircase. Old cobblestone full basement with unlimited potential for rental or other business (Speakeasy). Looking for the perfect passionate buyer who wants to own their own Home Decor/Gift Store in one of the fastest growing cities without the uncertainty of establishing a new business from scratch. This gem comes with a seamless transition; customer base, Decor/Design and POS system in place.

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Commercial Active

Price

$ 1,429,000

Property Type

Commercial

Taxes

$ 7,746

Style

BusinessandRealEstate

Lot Size

0.05

Year Built

1900

Town/City

South Lyon

County/Region

Oakland

MLS | Web ID

20251016909
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick
Year Built 1900
Levels Two
Property Subtype BusinessandRealEstate
Current Use Retail
Business Type Commercial Retail
County Oakland
Net Operating Income 200000.0
Operating Expense 24000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name ASSR'S PLAT NO 2 - CITY OF SOUTH LYON
Garage Y/N N
Status Active
Directions E Lake St and N Lafayette
City SouthLyonCity_Oakland
Senior Community Y/N N
High School District SouthLyon
Zoning Description Commercial
MLS Area Area02212SouthLyon
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 7746.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 129450
Expected Active Date 2025-07-14
Legal Description T1N R7E SEC 19 ASSESSOR'S PLAT NO 2 LOT 1
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Exterior
Water Source Public
Foundation Details Basement Poured
Spa N
Building Area Total 3784.0
Lot Dimensions 66x66
Lot Size Acres 0.05
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3784.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 101
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* Excluded Features
List By
Elena Marogy

Listing Agent

Arterra Realty Michigan Llc

Broker

(248) 731-0048

Phone

Affordability Calculator

$9,561
Per Month
93%
7%
0%
Monthly Principal & Interest
$8,915
Monthly Property Taxes
$646
Monthly 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
4909515 Elementary School
4909835 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
7/14/2025$1,429,000 Listed Price

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101 N LAFAYETTE Street, South Lyon, MI, 48178 is a Commercial Property for sale at $1,429,000 with 3,784 sqft and a lot size of 0.05. 101 N LAFAYETTE Street was built in 1900. The property's zip code is 48178 which is in South Lyon, MI

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