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# 70387605

55418 Pontiac Trail, South Lyon, MI 48178

Listing provided courtesy of: Brandt Real Estate - (248) 756-2844

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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.

General Features
- Style Vacant Land
- Acreage 11.09
- Area Municipality Lyon Twp (63211)
- Association Fee Y/N No
- County Oakland
- Originating MLS Greater Metropolitan Association of REALTORS
- Waterfront Y/N No
- ZONING Multi-Family,Commercial
Property Features
- Lot Size 393x270x212x275x176x550
- Roads City/County, Paved Street
- Sewer Septic Storm, Public At Street
- LOT DESCRIPTION Wooded,Cleared
- Water Public Water
Schools
- School District South Lyon Community Schools

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 1:52:00 PM	New in Database Source: Multiple Listing Service	New Value: $1,875,000

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* This payment calculator is intended for educational and planning purposes only.
** 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.

Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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.