Historic Bar in Downtown
121 E Cortland Street Jackson, MI 49201
For Sale
$260,000
COMMERCIAL - Jackson, MI
Property Size1,850 SF
Lot Size0.10 Acres
Price / SF$140.54
Days on Market183
Property Features for 121 E Cortland Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Standard status
Active
APN
5-00270000
Size
1,850 SF
Lot size
0.10 Acres
Utilities
Utilities
Cable Available
Heating system
Forced Air
Building Details
Year built
1900
Floors in Building
2
Number of units
1
Listing Agency:
Production Realty
(517) 879-4141
Listed By:
BEN LATOCKI
(517) 812-0009
Added: Jan 27
Changed: Apr 15
Last Checked: Jul 29 at 4:06PM
MLS# 26003114
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.
The Town Bar, a local establishment, is available for purchase. Situated in downtown Jackson at 121 East Cortland Street, the bar is housed in a building dating back to 1895. The Town Bar has become a cornerstone of the community, known for its inviting atmosphere and vibrant gatherings. It has built a loyal following over the years by hosting local DJs, celebrating New Year's Eve, and providing a space for friends and neighbors to connect. Jackson, a city steeped in history, offers an ideal setting for this business. The property benefits from steady foot traffic and a strong customer base due to its downtown location and proximity to local attractions. The property size is 1850 square feet and the lot size is 0.1 acres.
Key Highlights
- Established business with a loyal customer base.
- Prime downtown location with high foot traffic.
- Historic building (circa 1895) with unique character.
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 | $25.5k | $13.80 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $23.4k | $12.67 |
| − OpEx | −$5.9k | −$3.17 |
| NOI | $17.6k | $9.50 |
1,850 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$251.1K
$219.7K – $293.0K
NOI $17,577 @ 7.0% cap · market cap 6.76%
Second Best
Retail
$182.3K
$159.5K – $212.6K
NOI $12,758 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$295.3K
$258.4K – $344.6K
NOI $20,673 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Cracker Jaxx — 419 Park Pl, Jackson, MI 49201
- Jack's Take Out — 118 E Mason St, Jackson, MI 49203
- Lenora´s Pub — Jackson, MI 49201
- Knights steakhouse — Jackson, MI 49201
- Nite Lite — 145 W Pearl St, Jackson, MI 49201
Frequently Asked Questions
What type of property is this?
Bar & Pub - Beloved local bar in historic 1895 building for sale.
Where is this bar & pub located?
The property is located at 121 E Cortland Street Jackson, MI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Established business with a loyal customer base.; Prime downtown location with high foot traffic.; **Historic building (circa 1895) with unique character.**
