Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    528 E Michigan Ave Jackson, MI 49201

    View on Map
    Sponsored
    For Sale
    $899,000

    COMMERCIAL - Jackson, MI

    Type:Retail
    Property size:
    17,634 SF
    Lot size:
    0.40 Acres
    Days on Market:
    32
    Last Refresh:
    Mar 20 at 11:06 am

    Property Features for 528 E Michigan Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    7-0488.1000
    Parking
    40
    Size
    17,634 SF
    Lot size
    0.40 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air

    Building Details

    Year built
    1960
    Floors in Building
    4
    Number of units
    1
    Building materials
    Brick
    Roof type
    Rubber

    We can help!

    Listing Contact
    Alex C Perlos

    ERA REARDON REALTY, L.L.C.

    Listing agent ALEX C PERLOS

    Listing date Feb 16, 2026

    MLS# 25014313

    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.

    Learn more

    Property Insight Report

    Overview

    High-Traffic Commercial Building in Jackson

    This commercial property is in a high-traffic location and features four floors totaling over 17,000 square feet. The property includes over 40 parking spots and 270 feet of road frontage. Situated on a corner lot, it is centrally located near Downtown Jackson, Henry Ford, Consumers Energy, and Jackson's historic train station. The property offers easy access to US 127 and I-94. The sale includes two parcels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.39996
    Latitude
    42.248683

    Nearby Similar for Sale

    • New
      $375,000
      5,192 SF

      Well-Maintained Office Building For Sale

      Premium location, adaptable for various professional office uses.
      1514 4Th St, Jackson, MI 49203
      View Details
    • $329,900
      3,393 SF

      Victorian Office Building Near Courthouse

      Two-story office building with historic charm and modern functionality.
      601 S Jackson St, Jackson, MI 49203
      View Details
    • $399,000
      3,016 SF

      Commercial Building on 4 Acres

      3,000 sq ft building on 4 acres in Jackson.
      130 Street Ct East, Jackson, MI 49201
      View Details
    • New
      $335,000
      2,830 SF

      Freestanding Retail Banking Facility

      2,830 SF former retail banking facility for sale.
      2815 E Michigan Ave, Jackson, MI 49202
      View Details
    • $499,900
      18,297 SF

      Downtown Office Building with Elevator

      18,297 sq ft commercial building in downtown Jackson, MI.
      145 S Jackson St, Jackson, MI 49201
      View Details
    • $350,000
      6,100 SF

      Jackson Commercial Property For Sale

      Commercial property in Jackson's central business district with high visibility.
      206 W Louis Glick Hwy, Jackson, MI 49201
      View Details
    • $950,000
      20,400 SF

      Commercial Property Near Railroad Station

      Commercial property with development potential near the Railroad station.
      409-429 Hupp Ave, Jackson, MI 49201
      View Details
    • $780,000
      10,128 SF

      Vandercook Lake Retail Opportunity

      Operating pharmacy building with high visibility and traffic count.
      210 Hinckley Blvd, Jackson, MI 49203
      View Details
    • $500,000
      32,419 SF

      Downtown Jackson Church For Sale

      32,419 sq ft church in downtown Jackson, Michigan.
      201 S Jackson St, Jackson, MI 49201
      View Details
    • $699,000
      2,850 SF

      High-Visibility Retail Space in Jackson

      Prime retail location in Jackson's booming commercial area.
      1400 N West Ave, Jackson, MI 49202
      View Details
    • $600,000
      9,934 SF

      Restaurant & Banquet Facility For Sale

      Family-friendly sports restaurant and banquet facility with seating for 300.
      3705 Ann Arbor Rd, Jackson, MI 49202
      View Details
    • New
      $149,000
      2,940 SF

      Commercial Building in High-Traffic Area

      Commercial building with offices, showroom, warehouse, and parking.
      1214 Page Ave, Jackson, MI 49203
      View Details

    FAQs

    What type of property is this?
    Specialty property - Four-story commercial building with ample parking and road frontage.
    Where is this specialty property located?
    The property is located at 528 E Michigan Ave Jackson, MI.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Prime high-traffic location with **270 feet of road frontage on a corner lot.**; - Substantial size: over 17,000 square feet across 4 floors.; - Ample parking with over 40 spots.
    (517) 740-4421
    Request Owner's contact information
    528 E Michigan Ave Jackson, MI 49201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    528 E Michigan Ave
    Jackson, MI 49201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    528 E Michigan Ave Jackson, MI 49201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alex C Perlos
    Real Estate License ID: 6501210977
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!