55418 Pontiac Trail South Lyon, MI 48178

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$1,875,000

Market Estimate

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11.09 Acres
Land
MLS# 24005137

55418 Pontiac Trail, South Lyon, MI 48178

Listing provided courtesy of: Brandt Real Estate - Info@Brandt-RealEstate.com

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Property Details

Description

The BENEFIT of this Lyon Township Development Opportunity (South Lyon School District). 11 Acres of Prime Land on Pontiac Trail just east of Milford Road and near massive new developments. This LOT offers many opportunities and Lyon Township is ready to work with a developer on making something happen. Multi-Family, Apartments, Senior Living, Storage, Detached Condos, Retail, Light Industrial, Medical. The land is currently zoned R-0.3 Single Family Residential. This property is at the mecca of Lyon Township and New Hudson development. The Milford Road exit along I-96 is booming. Many large projects underway and more to come. This area offers CONVENIENCE to EVERYTHING: SHOPPING, SCHOOLS, PARKS, Downtown Wixom, Downtown Milford, New Hudson, Downtown South Lyon, Kensington State Park. The BENEFIT of this Lyon Township Development Opportunity (South Lyon School District). 11 Acres of Prime Land on Pontiac Trail just east of Milford Road and near massive new developments. This LOT offers many opportunities and Lyon Township is ready to work with a developer on making something happen. Multi-Family, Apartments, Senior Living, Storage, Detached Condos, Retail, Light Industrial, Medical. The land is currently zoned R-0.3 Single Family Residential. This property is at the mecca of Lyon Township and New Hudson development. The Milford Road exit along I-96 is booming. Many large projects underway and more to come. This area offers CONVENIENCE to EVERYTHING: SHOPPING, SCHOOLS, PARKS, Downtown Wixom, Downtown Milford, New Hudson, Downtown South Lyon, Kensington State Park. Appointment required to walk the property. City water / City Sewer nearby. Don't miss out on this excellent development opportunity.

General Features
- Tax Annual Amount 3281.0
- County Or Parish Oakland
- Property Sub Type Acreage
Building Features
- Bathrooms 0
Property Features
- Waterfront Y/N false
- Lot Size Acres 11.09
- Lot Size Area 11.09
- Road Surface Type Paved
- Lot Features Buildable, Cleared, Tillable, Wooded
Schools
- High School District South Lyon

Neighborhood

48178 (South Lyon) Demographics

42 Median Age

664 Population Density (per sq. mile)

59% College Educated

$108,693 Estimated Median Income

11,720 Estimated Total Home Owners

1,213 Estimated Total Renters

91% / 9% Estimated Owner / Renter Divide

3 Estimated Average Household Size

34,882 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$477,500 Median Sales Price

56 Homes Sold

67 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $1,875,000
7/4/2024 1:44:13 PM	Price Increased Source: Multiple Listing Service	New Value: $1,875,000	0.01%
1/30/2024 1:14:00 AM	New in Database Source: Multiple Listing Service	New Value: $1,874,900

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** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

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Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS (or MichRIC) Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Updated on 11/14/2024 8:15:13 PM PST. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.