Versatile Commercial Property in
1202-1206 Martin Luther King Junior Drive Jackson, MI 49203
For Sale
$799,900
COMMERCIAL - Jackson, MI
Property Size5,460 SF
Lot Size1.01 Acres
Price / SF$146.50
Days on Market102
Property Features for 1202-1206 Martin Luther King Junior Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- #5-0699.1000
- Size
- 5,460 SF
- Lot size
- 1.01 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 698, 699, 700, 701, 702, 703 S 42 FT OF LOT 10 ALL OF LOTS 11, 12, 13, 14 & 15 BLK 2 MERRIMAN'S ADD
- Tax Annual Amount
- 7478
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2002
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick, Metal Siding
- Roof type
- Metal
Listing Agency:
Coldwell Banker Beiswanger Realty Group
(517) 435-1500
Listed By:
Jordon Jarrett · License #6501378237
(517) 795-6044
Added: Apr 14
Changed: May 13
Last Checked: Jul 24 at 3:06PM
MLS# 26015400
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located just outside of downtown Jackson, MI, this commercial property at 1202-1206 Martin Luther King Jr. Drive offers a versatile space with development potential. The property features an open-concept deli with a fully equipped kitchen and an operational laundromat with included equipment. In addition to the main building, the property includes three additional parcels, opening opportunities for future development such as an apartment complex, mixed-use spaces with retail and residential units, or single-family homes. The property is positioned in a high-visibility location with strong potential for growth. The property size is 5460 square feet, situated on a 1.01-acre lot.
Key Highlights
- Prime location just outside of Downtown Jackson with high visibility and strong growth potential.
- Includes an operational laundromat with equipment included, providing immediate income.
- Features an open concept deli with a fully equipped kitchen.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.3k | $13.80 |
| − Vacancy | −$6.2k | −$1.13 |
| EGI | $69.2k | $12.67 |
| − OpEx | −$17.3k | −$3.17 |
| NOI | $51.9k | $9.50 |
5,460 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$741.1K
$648.5K – $864.6K
NOI $51,877 @ 7.0% cap · market cap 6.49%
Second Best
Retail
$537.9K
$470.7K – $627.6K
NOI $37,654 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$871.6K
$762.7K – $1.02M
NOI $61,012 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Income-producing property with development potential near downtown Jackson, MI.
Where is this retail space located?
The property is located at 1202-1206 Martin Luther King Junior Drive Jackson, MI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Prime location just outside of Downtown Jackson with high visibility and strong growth potential.; Includes an operational laundromat with equipment included, providing immediate income.; Features an open concept deli with a fully equipped kitchen.
