Fenced Industrial
For Sale
$450,000
240 Watts Road, Jackson, MI 49203
Commercial Sale, Jackson, MI
Property Size3,800 SF
Lot Size0.70 Acres
Price / SF$118.42
Days on Market190
Property Features for 240 Watts Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
301-Industrial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
10
Interior features
Broadband
Elementary school district
East Jackson
Middle school district
East Jackson
High school district
East Jackson
Directions
North of Old Michigan Ave and South of Page Ave
Standard status
Active
APN
000-09-31-402-002-00
Size
3,800 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 31 T25 R1 E
Tax Annual Amount
2124
Legal Description
SEC 31 T25 R1 E
Utilities
Utilities
Cable Available
Heating system
Space Heater, Forced Air
Cooling system
Central Air
Amenities
instant-gas hot water heater
full bath with oversized shower
new high-speed cable
Building Details
Year built
1980
Floors in Building
1
Number of units
1
Building materials
Metal Siding
Listing Agency:
Home 1st Real Estate
(517) 780-8090
Listed By:
GEORGE PIERSON · License #6501344130
(517) 740-8910
Added: Mar 31
Changed: Sep 12
Last Checked: Oct 6 at 12:06AM
MLS# 26012795
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.
This industrial property at 240 Watts Road in Jackson, Michigan, contains 3,800 square feet within a metal-sided building constructed in 1980. The facility includes a full bathroom with an oversized shower, an instant-gas water heater, forced-air heating, space heating, and central air conditioning. Broadband and high-speed cable service are available.
The 0.7-acre site is enclosed by chain-link fencing and accessed through an electric gate. These improvements provide a defined property boundary and controlled entry for the site. The property is identified as an industrial building and includes a single bathroom among its listed rooms.
The 0.7-acre site is enclosed by chain-link fencing and accessed through an electric gate. These improvements provide a defined property boundary and controlled entry for the site. The property is identified as an industrial building and includes a single bathroom among its listed rooms.
Key Highlights
- 3,800‑square‑foot industrial building on a 0.7‑acre site
- Chain‑link fencing with an electric gate
- Full bathroom with an oversized shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,692
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,840
$713.8K
Cap Rate 7%
$509,886
$509.9K
Cap Rate 9%
$396,578
$396.6K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$61.6K $16.20/SF
− Vacancy
−$6.6K −$1.75/SF
EGI
$54.9K $14.45/SF
− OpEx
−$19.2K −$5.06/SF
NOI
$35.7K $9.39/SF
Area
Jackson County, MI
Vacancy
10.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,840
Cap Rate 7%
$509,886
Cap Rate 9%
$396,578
Alternative Uses
Best Use
Flex RnD
$509.9K
$446.2K – $594.9K
NOI $35,692 @ 7.0% cap · market cap 7.93%
Second Best
Industrial
$377.1K
$330.0K – $440.0K
NOI $26,400 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$606.6K
$530.8K – $707.7K
NOI $42,463 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial property - Metal-sided facility with a full bathroom, central air, forced-air heating, and cable availability.
Where is this industrial property located?
The property is located at 240 Watts Road Jackson, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,800‑square‑foot industrial building on a 0.7‑acre site; Chain‑link fencing with an electric gate; Full bathroom with an oversized shower
