Pub and Upstairs
For Sale
$265,000
Pending
751 N Waterloo Street, Jackson, MI 49202
COMMERCIAL - Jackson, MI
Property Size1,749 SF
Lot Size0.39 Acres
Days on Market137
Property Features for 751 N Waterloo Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
c-1
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Basement, Bathroom 3
Interior features
Broadband
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Directions
corner of north st and waterloo st
Standard status
Pending
APN
8-161200000
Size
1,749 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
611, 1613 LOTS 36 & 37 & N 16.5 FT OF LOT 31 BLK 9 MURPHY'S ADD
Tax Annual Amount
2997
Legal Description
611, 1613 LOTS 36 & 37 & N 16.5 FT OF LOT 31 BLK 9 MURPHY'S ADD
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding, Brick
Roof type
Composition, Rubber
Listing Agency:
Production Realty
(517) 879-4141
Listed By:
Tamra Allen · License #6501394988
(517) 745-6405
Added: Mar 25
Changed: Aug 4
Last Checked: Aug 8 at 10:06PM
MLS# 26011746
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 well-established pub offers dedicated bar and entertainment space and includes an upstairs 1-bedroom, 1-bath apartment. The property is currently maintained and updated by the current owner, and the sale is described as turn-key, including fixtures, inventory, liquor license, entertainment license, and all furniture/accessories. Bar amenities mentioned include coolers behind the bar and nine rotating taps, with memorabilia throughout the space.
Located at 751 N Waterloo Street in Jackson, Michigan, the business is described as just east of the downtown social district.
The seller highlights ongoing upkeep and improvements completed over the past 18 years, including updates to the HVAC system, roof, and electrical.
Located at 751 N Waterloo Street in Jackson, Michigan, the business is described as just east of the downtown social district.
The seller highlights ongoing upkeep and improvements completed over the past 18 years, including updates to the HVAC system, roof, and electrical.
Key Highlights
- Well‑established pub offering 1,700+ sq ft of entertainment/bar space plus an upstairs 1 bed, 1 bath apartment (currently used as the office)
- Updates include HVAC system, roof, and electrical, with central air and forced‑air heating
- Roof materials include composition and rubber
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
$16,618
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
6.27%
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%
$332,360
$332.4K
Cap Rate 7%
$237,400
$237.4K
Cap Rate 9%
$184,644
$184.6K
Market Conditions
NOI Build-Up for 1,749 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
$24.1K $13.80/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$22.2K $12.67/SF
− OpEx
−$5.5K −$3.17/SF
NOI
$16.6K $9.50/SF
Area
Jackson County, MI
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
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%
$332,360
Cap Rate 7%
$237,400
Cap Rate 9%
$184,644
Alternative Uses
Best Use
Specialty Retail
$237.4K
$207.7K – $277.0K
NOI $16,618 @ 7.0% cap · market cap 6.27%
Second Best
Office B
$209.4K
$183.2K – $244.3K
NOI $14,658 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$279.2K
$244.3K – $325.7K
NOI $19,544 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49202, MI
19,359
Population
9,598
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$41,916
Median Household Income
$30,638
Median Earnings
$915
Median Rent
$104,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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- Denton's Den — 802 E Michigan Ave, Jackson, MI 49201
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- Shamrock Bar — 1628 E Michigan Ave, Jackson, MI 49202
- Oak Tree Lounge — 617 Oak St, Jackson, MI 49201
- Duffy's Food & Spirits — 751 N Waterloo Ave, Jackson, MI 49202
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turn-key pub includes an upstairs 1-bedroom, 1-bath apartment and bar features such as rotating taps and built-in coolers.
Where is this bar & pub located?
The property is located at 751 N Waterloo Street Jackson, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Well‑established pub offering 1,700+ sq ft of entertainment/bar space plus an upstairs 1 bed, 1 bath apartment (currently used as the office); Updates include HVAC system, roof, and electrical, with central air and forced‑air heating; Roof materials include composition and rubber
