This 5,404 SF Building is for sale or lease in the growing community of South Lyon. The site sits less then 5 mis south of Interstate 96 an about six mi. east of US-23. The building is located in the heart of downtown South Lyon with great visibility. Positioned on the southwest corner of East Lake Street and South Lafayette Street, this building sees an average of almost 35,000 vehicles per day. This site can be utilized as a restaurant, office space, or retail space. The 2nd floor has been recently remodeled and holds 2 apartments. The 1st apartment is 800 SF and the 2nd is 1400 SF, and generate $1,800 income each month. The landlord is local and ready to make a deal with the right tenant or purchaser!This South Lyon, MI rent to own home is a commercial property with , beds and baths. To learn more about this rent to own home or other rent to own homes, make sure to click on the tabs above.
Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.