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

    217 N Jackson St Jackson, MI 49201

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $250,000

    4576 SF mixed-use building in the heart of Downtown Jackson.

    Lot size:
    0.13 Acres

    Property Features for 217 N Jackson St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.13 Acres

    Building Details

    Year built
    1903

    We can help!

    Listing Contact
    Jonathon Eric Ferguson
    Source: Elliman

    Listing Agency: PRODUCTION REALTY Listing Agent: Jonathon Eric Ferguson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Jackson Mixed-Use Building

    Located in Downtown Jackson, this 4576 square foot building presents an opportunity for various business ventures. The property's location on a major roadway places it in proximity to dining, entertainment venues, apartments, government buildings, the Michigan Theater, and financial services. The building's layout is suitable for office, retail, service, or dining establishments, with the second floor offering space for storage, additional business operations, or residential use.
    Location Intelligence

    Current Use by Public Records

    Windy Hill Creations, ... (Bike/Boat/Book/etc) Store

    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
    -84.408301
    Latitude
    42.248873

    Nearby Similar for Sale

    • $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
      $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
    • $350,000
      1,824 SF

      Renovated Office Building with Vault

      Recently renovated office building with a vault and detached garage.
      2320 Francis St, Jackson, MI 49203
      View Details
    • New
      $345,000
      1,880 SF

      Versatile Commercial Property Near I-94

      Commercial property suitable for medical, retail, or service uses.
      3165 County Farm Rd, Jackson, MI 49201
      View Details
    • $569,900
      924 SF

      Prime Commercial Opportunity in Jackson

      Turnkey restaurant opportunity with high visibility and strong investment potential.
      1201 Cooper St, Jackson, MI 49202
      View Details
    • $399,999
      4,000 SF

      Jackson, MI Retail Opportunity

      Retail property for sale in Jackson, Michigan with 4,000 SF.
      3233 Page Ave, Jackson, MI 49201
      View Details
    • New
      $115,000
      1,807 SF

      Updated Office Space in Jackson

      Main floor office in downtown Jackson. Great for professionals.
      306 W Washington Ave, Jackson, MI 49201
      View Details
    • New
      $339,000
      2,064 SF

      Downtown Office Building Near Courthouse

      Prime office space ideal for legal, financial, or professional services.
      400 S Jackson St, Jackson, MI 49201
      View Details
    • New
      $350,000
      2,237 SF

      Remodeled Commercial Condo Unit

      Remodeled commercial condo with high visibility and convenient highway access.
      3465 Ann Arbor Rd, Jackson, MI 49202
      View Details
    • New
      $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
    • New
      $233,900
      2,200 SF

      Commercial Building Near Downtown Jackson

      2200 SF commercial building suitable for office or retail.
      1217 Greenwood Ave, Jackson, MI 49203
      View Details
    • New
      $225,000
      2,244 SF

      Remodeled Office Building Near Hospital

      2,244 SF office building remodeled in 2023/24 near Henry Ford Hospital.
      1010 Burr St, Jackson, MI 49201
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 4576 SF mixed-use building in the heart of Downtown Jackson.
    Where is this mixed-use property located?
    The property is located at 217 N Jackson St Jackson, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Prime downtown location on a major roadway, ideal for high visibility and accessibility.; - Versatile 4576 sq ft building suitable for office, retail, service, or dining businesses.; - Potential for second-floor space to be used for storage, additional business operations, or residential living.
    (517) 812-4901
    Request Owner's contact information
    217 N Jackson St 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.
    217 N Jackson St
    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
    217 N Jackson St 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
    Jonathon Eric Ferguson
    Real Estate License ID: 6501424656
    (517) 812-4901 (517) 879-4141
    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!