Downtown Corner Commercial
For Sale
$1,000,000
108 Cooper Street, Jackson, MI 49201
Commercial Sale, Jackson, MI
Property Size3,672 SF
Lot Size1.32 Acres
Price / SF$272.33
Days on Market1358
Property Features for 108 Cooper Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Subdivision
Village of Jacksonburgh
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Directions
Downtown Jackson at the Michigan Avenue (I94 business) and Cooper Street (M-106) intersection.
Standard status
Active
APN
7-048000000
Size
3,672 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
That Part of Block 27 Village of Jacksonburgh on side of Grand River Known as Ford's Eastern Ext
Tax Annual Amount
7685
Legal Description
That Part of Block 27 Village of Jacksonburgh on side of Grand River Known as Ford's Eastern Ext
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Building materials
Vinyl Siding, Wood Siding
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
PHILLIP M MORGAN · License #6502108104
(517) 204-4385
Added: Jan 5, 2023
Changed: Sep 16
Last Checked: Sep 24 at 12:06PM
MLS# 23000391
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 approximately 1.32-acre commercial land parcel occupies a signalized corner in downtown Jackson, Michigan. The site is identified as green zoned for cannabis resale and is positioned for commercial development, including a convenience-store use noted in the property information.
The parcel sits on a business loop connecting US 127 S and I-94, with access through the Cooper area and connections between W. Michigan Ave and E. Michigan Ave. Its corner position provides visibility toward the Consumers Energy headquarters and campus, located two blocks away. Allegiance Health Care high-rise buildings are five blocks from the site, while the train station transportation hub is situated on the opposite corner. Natural gas is available, and the property is located near downtown construction and commercial renovation activity.
The parcel sits on a business loop connecting US 127 S and I-94, with access through the Cooper area and connections between W. Michigan Ave and E. Michigan Ave. Its corner position provides visibility toward the Consumers Energy headquarters and campus, located two blocks away. Allegiance Health Care high-rise buildings are five blocks from the site, while the train station transportation hub is situated on the opposite corner. Natural gas is available, and the property is located near downtown construction and commercial renovation activity.
Key Highlights
- Approximately 1.32‑acre commercial land parcel
- Signalized corner at the connection of W. Michigan Ave and E. Michigan Ave
- Business loop links US 127 S and I‑94 through the Cooper area
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
$34,889
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
3.49%
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%
$697,780
$697.8K
Cap Rate 7%
$498,414
$498.4K
Cap Rate 9%
$387,656
$387.7K
Market Conditions
NOI Build-Up for 3,672 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
$50.7K $13.80/SF
− Vacancy
−$4.2K −$1.13/SF
EGI
$46.5K $12.67/SF
− OpEx
−$11.6K −$3.17/SF
NOI
$34.9K $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%
$697,780
Cap Rate 7%
$498,414
Cap Rate 9%
$387,656
Alternative Uses
Best Use
Specialty Retail
$498.4K
$436.1K – $581.5K
NOI $34,889 @ 7.0% cap · market cap 3.49%
Second Best
Retail
$361.8K
$316.6K – $422.1K
NOI $25,324 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$586.2K
$512.9K – $683.9K
NOI $41,032 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 23%
Electronics 12%
BIGGBY COFFEE
Dining
6,603 visits/mo
0.2 miles
Huntington Bank
Shops & Services
2,329 visits/mo
0.3 miles
Boost Mobile
Electronics
1,213 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Commercial land - Signalized corner parcel near downtown Jackson’s transportation hub, with visibility toward major office and healthcare facilities.
Where is this commercial land located?
The property is located at 108 Cooper Street Jackson, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately 1.32‑acre commercial land parcel; Signalized corner at the connection of W. Michigan Ave and E. Michigan Ave; Business loop links US 127 S and I‑94 through the Cooper area
