General Commercial Building with Dock
For Sale
$124,900
608 E Pearl Street, Jackson, MI 49201
COMMERCIAL - Jackson, MI
Property Size1,520 SF
Lot Size0.37 Acres
Price / SF$82.17
Days on Market48
Property Features for 608 E Pearl Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C4
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
40
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Standard status
Active
APN
7-043900000
Size
1,520 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 5 BLK 20 AN EXT OF VILLAGE OF JACKSONBURGH ON E SIDE OF GRAND RIVER KNOWN AS FORD'S EASTERN EXT
Tax Annual Amount
1964
Legal Description
LOT 5 BLK 20 AN EXT OF VILLAGE OF JACKSONBURGH ON E SIDE OF GRAND RIVER KNOWN AS FORD'S EASTERN EXT
Utilities
Utilities
Phone Available
Heating system
Forced Air
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Building materials
Block
Roof type
Rubber
Listing Agency:
Century 21 Affiliated - Jackson
(517) 888-0050
Listed By:
ERIC ROPP · License #6502395717
(517) 392-8508
Added: Jul 15
Changed: Aug 4
Last Checked: Aug 31 at 8:06AM
MLS# 26036571
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 versatile C-4 general commercial building features solid concrete block construction with an open workspace, a private office, and a bathroom. Heating includes natural gas forced-air plus a separate office wall furnace. The property also includes a covered dock area, which is included in the total square footage; the space is under roof and unconditioned.
The building is located on Jackson’s east side, minutes from downtown and Henry Ford Jackson Hospital. Gravel front parking is available, and the sale includes an adjacent 0.17-acre parcel directly behind the building that has historically been used for semi-truck turnaround, providing combined lot area of 0.37+/- acres.
The property is zoned C-4, which permits a wide range of retail, office, and service uses under the city’s zoning. It is sold as-is.
The building is located on Jackson’s east side, minutes from downtown and Henry Ford Jackson Hospital. Gravel front parking is available, and the sale includes an adjacent 0.17-acre parcel directly behind the building that has historically been used for semi-truck turnaround, providing combined lot area of 0.37+/- acres.
The property is zoned C-4, which permits a wide range of retail, office, and service uses under the city’s zoning. It is sold as-is.
Key Highlights
- Versatile C‑4 general commercial building with open workspace, private office, and bathroom
- Solid concrete block construction; built in 1985 with rubber roof
- Utilities/heat include natural gas forced‑air heat plus a separate office wall furnace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,560
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$211,200
$211.2K
Cap Rate 7%
$150,857
$150.9K
Cap Rate 9%
$117,333
$117.3K
Market Conditions
NOI Build-Up for 1,520 SF
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.
Gross rent
$16.8K $11.04/SF
− Vacancy
−$1.7K −$1.12/SF
EGI
$15.1K $9.92/SF
− OpEx
−$4.5K −$2.98/SF
NOI
$10.6K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$211,200
Cap Rate 7%
$150,857
Cap Rate 9%
$117,333
Alternative Uses
Best Use
Flex RnD
$204.0K
$178.5K – $238.0K
NOI $14,277 @ 7.0% cap · market cap 11.43%
Second Best
Office B
$182.0K
$159.2K – $212.3K
NOI $12,739 @ 7.0% cap · market cap 10.20%
Theoretical Best
Office A
$242.6K
$212.3K – $283.1K
NOI $16,985 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,878
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49201, MI
47,747
Population
18,102
Households
2.6
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
155.0 sq mi
ZIP Area
308
Density / Sq Mi
$71,714
Median Household Income
$36,390
Median Earnings
$945
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Big Guy Catering LLC — 309 S Jackson St, Jackson, MI 49201
- CCC Catering — 209 E Washington St, Jackson, MI 49201
Frequently Asked Questions
What type of property is this?
Flex space - Concrete block commercial building with open workspace, private office, bathroom, and a covered dock area.
Where is this flex space located?
The property is located at 608 E Pearl Street Jackson, MI.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: Versatile C‑4 general commercial building with open workspace, private office, and bathroom; Solid concrete block construction; built in 1985 with rubber roof; Utilities/heat include natural gas forced‑air heat plus a separate office wall furnace
