Property profile

1201 Cooper St Jackson, MI 49202

FOR SALE
Grocery and convenience stores
Property ID
US43-1416558
924 SF 0.5 ac lot Built 1956
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional business opportunity presents a chance to own a well-established and profitable ice cream shop located at 1201 Cooper Street in Jackson, Michigan. The property encompasses a substantial 924 square feet situated on a 0.72-acre lot, providing ample space for operations and customer parking. The building itself is in solid condition, offering a turnkey operation for the new owner. Its prime location on Cooper Street ensures high visibility and easy access for customers. The shop benefits from its proximity to key attractions such as Nixon Park & Pool and Art 634, drawing significant foot traffic throughout the spring, summer, and fall seasons. The strategic location near downtown Jackson and I-94 further enhances its accessibility and appeal to a wide customer base. The surrounding area is experiencing positive growth with new housing and job development, promising strong long-term investment potential for this thriving business. The current operation boasts excellent cash flow, providing a stable and rewarding investment opportunity. This is a rare chance to acquire a successful, community-loved business with significant growth potential in a rapidly developing area. The asking price for this turnkey operation is $589,900.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1956
Total area 924 SF
Lot 0.5 ac (21,606 SF)
Zoning code C-2
APN 8-202100000
UPID US43-1416558

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Specialty Food Shop

Location

1201 Cooper St Jackson, MI 49202
Jackson metro Census 6900 JACKSON, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$285k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

C-2 · Jackson, MI
Zoning description

Sec. 28-43. - C-2 community commercial district. The community commercial district is composed of certain land and structures used primarily to provide all types of "convenience goods," as described in the C-1 district,…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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