00 Milford Rd. Road

About this home

**Land Contract Terms Available at 6% interest rate!** Location, Location, Location. Are you looking for well positioned land to develop your business on? This sprawling piece of property, zoned light industrial, is just shy of 18 acres (not counting the 1.5 acre residential parcel included.) Directly on Milford Rd, less than a mile from I-96 (a logistical dream,) this site offers high traffic and visibility and is near the bustling business hub of New Hudson, while still located in highly desirable South Lyon. Multiple township approved uses would flourish at this well positioned location just waiting for your vision. The lucrative development of storage units would be a perfect fit, as well as highly sought after warehouse space or research/ technological facilities. Manufacturing and processing of food products, textiles, fabricated and sheet metals among others offer endless opportunities. Even a lumber yard or building material/ construction shop would make a fantastic fit. Special uses by the township, requiring approval, also include general office buildings for businesses such as accounting, insurance, banks, financial and other professional services. Plenty of space for your next business endeavor with ample room for a large parking lot, water and sewer are already available at the street. Excavation and clearing of the property could be negotiated. Take advantage of the opportunity to turn this land into a thriving venture in a location that continues to grow, making land more scarce. They're not making more of it.... Let's take a walk. **Land also contains Parcel # 2109201008 which is 1.5 acres zoned residential to equal a total of 19.38 acres

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in South Lyon

Over the last 90 days, 144 homes sold in South Lyon for a median of $430,000, about $173 per square foot, and the typical one went under contract in 20 days. This home is listed at $749,000, and has been on the market 226 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent South Lyon sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $10,997 a year. A buyer who lives here would pay about $7,074 to $11,971 a year once the taxable value resets after the sale, at the 2025 homestead rate of 31.65 mills for Lyon Twp and South Lyon schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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