Listing Agency: Marcus & Millichap - Atlanta d***@marcusmillichap.com Show Phone

Listed By: Don McMinn · License #GA 292036

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 12:09PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Atlanta

Investment Insights

Based on property information with market context.

This grocery and convenience property is located at 1244 E McDevitt Ave in Jackson, Michigan. The retail building contains 8,050 SF and is associated with a 9.00% CAP rate.

Key Highlights

• 8,050 SF retail property
• 9.00% CAP rate
• 1244 E McDevitt Ave, Jackson, MI 49203

Property Analytics

Property Profile

Current Use

Family Dollar Discount Store Redbox Cinema

Suggested Use

Top Pick Hair Salon Restaurant Auto Repair Shop Building Supply Storage Facility Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

43

Businesses Nearby

44k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 52% Dining 48%

Shell Shops & Services

19,432 visits/mo 0.3 miles

Burger King Dining

13,031 visits/mo 0.1 miles

BIGGBY COFFEE Dining

8,106 visits/mo 0.3 miles

Family Dollar Shops & Services

3,133 visits/mo 0.1 miles

Demographics for 49203, MI

37,269

Population

16,999

Households

2.2

Avg Household Size

39

Median Age

23%

College-Educated

93%

High-School Grad

26.5 sq mi

ZIP Area

1,406

Density / Sq Mi

$55,689

Median Household Income

$37,096

Median Earnings

$992

Median Rent

$150,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Class A Office Building

301 N Jackson Street, Jackson, MI 49201

$1,100,000

7,280 SF

View details

Multi-Suite Office Building

2532 Spring Arbor Road, Jackson, MI 49203

$1,500,000

5,762 SF

View details

Historic Live-Work Building

505 Wildwood Avenue, Jackson, MI 49201

$550,000

6,357 SF

View details

Fully Renovated Multi-Suite Office Building

2532 Spring Arbor Road, Jackson, MI 49203

$1,500,000

5,762 SF

View details

Freestanding Car Wash Property

3511 Scheele Drive, Jackson, MI 49202

$339,000

4,356 SF

View details

Sports & Entertainment Venue with Driving Range

3600 Wayland Drive, Jackson, MI 49202

$1,950,000

5,483 SF

View details

Multi-Tenant Medical Office Building

744 W Michigan Ave, Jackson, MI 49201

$2,100,000

24,323 SF

View details

Historic Office Building with Development Lot

100 W Washington Avenue, Jackson, MI 49201

$799,000

15,840 SF

View details

Single-Story Medical Office Building

900 E Michigan Avenue, Jackson, MI 49201

$1,490,000

15,000 SF

View details

General Commercial Building with Dock Area

608 E Pearl Street, Jackson, MI 49201

$124,900

1,520 SF

View details

Downtown Mixed-Use Flex Property

711 E Michigan Avenue, Jackson, MI 49201

$499,900

16,200 SF

View details

Bar and Pub with Apartment

300 W North Street, Jackson, MI 49202

$420,000

4,754 SF

View details

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Jackson, Michigan retail asset identified for grocery and convenience use.

Where is this grocery and convenience store located?

The property is located at 1244 E McDevitt Ave Jackson, MI.

What are key features of this property?

This property features: 8,050 SF retail property; 9.00% CAP rate; 1244 E McDevitt Ave, Jackson, MI 49203