Warehouse Property with Drive-In
For Sale
$1,750,000
201 Brookley Avenue Jackson, Jackson, MI 49202
Two well-conditioned buildings on 5.34 acres with grade level loading dock and drive-in door near I-94 access.
Property Size11,616 SF
Lot Size5.34 Acres
Days on Market48
Property Features for 201 Brookley Avenue Jackson
General Information
Standard status
Active
Size
11,616 SF
Total Parking Spaces
16
Lot size
5.34 Acres
Zoning
C-1
Site & Location
Traffic Count
50,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
12 ft
Dock-High Doors
1
Drive-In Doors
1
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$9,767
Amenities
Yes
2
1
No
Real Estate
5.34
16.0
Irregular
Paved
Slab
11616.0
Building Details
Building Size
11,616 SF
Year Built
1984
Buildings
2
Listing Agency:
(269) 399-5881
Listed By:
Brian McDonald
(269) 399-5881
Source:
Remax-executive
Added: Jul 14
Changed: Aug 8
Last Checked: Aug 30 at 1:09PM
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 Brian McDonald
Investment Insights
Based on property information with market context.
This 5.34-acre commercial property includes two well-conditioned buildings with utilities, offering a flexible base for highway-oriented operations. One structure is a modern former printing facility with 3-phase power, 12-foot ceilings, a grade-level loading dock, and a drive-in door. A new heated pole barn adds additional utility, and the site’s large footprint supports outdoor storage or future expansion.
The property is situated for easy Interstate 94 access between Chicago and Detroit, with frontage and clean site lines to I-94 and Cooper. Blackman Township zoning is C1. I-94 traffic was reported as 50,600 vehicles (AADT) in 2023. Exit 139 on I-94 services M-106 and Cooper Street, helping funnel regional traffic toward major employers and downtown at an average daily rate of 19,000 vehicles south of the interchange. Nearby development includes the JTP North tech park and Blue Oval in Marshall.
The front building is available for lease, while both structures remain on the same site for coordinated use.
The property is situated for easy Interstate 94 access between Chicago and Detroit, with frontage and clean site lines to I-94 and Cooper. Blackman Township zoning is C1. I-94 traffic was reported as 50,600 vehicles (AADT) in 2023. Exit 139 on I-94 services M-106 and Cooper Street, helping funnel regional traffic toward major employers and downtown at an average daily rate of 19,000 vehicles south of the interchange. Nearby development includes the JTP North tech park and Blue Oval in Marshall.
The front building is available for lease, while both structures remain on the same site for coordinated use.
Key Highlights
- 5.34‑acre C1‑zoned property in Blackman Township with easy access to I‑94 between Chicago and Detroit
- Two well‑conditioned buildings totaling 11,616 SF; 1984 build with slab foundation and paved road surface
- Modern former printing facility with 3‑phase power, 12‑ft ceilings, grade‑level loading dock, and drive‑in door
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
$97,995
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
5.60%
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%
$1,959,900
$2.0M
Cap Rate 7%
$1,399,929
$1.4M
Cap Rate 9%
$1,088,833
$1.1M
Market Conditions
NOI Build-Up for 11,616 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
$128.2K $11.04/SF
− Vacancy
−$13.0K −$1.12/SF
EGI
$115.3K $9.92/SF
− OpEx
−$17.3K −$1.49/SF
NOI
$98.0K $8.44/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
15.00%
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%
$1,959,900
Cap Rate 7%
$1,399,929
Cap Rate 9%
$1,088,833
Alternative Uses
Best Use
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,995 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,802 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
1
Dock-high doors
1
Drive-in doors
50,600 VPD
Traffic count
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
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 Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Two well-conditioned buildings on 5.34 acres with grade level loading dock and drive-in door near I-94 access.
Where is this commercial land located?
The property is located at 201 Brookley Avenue Jackson Jackson, MI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5.34‑acre C1‑zoned property in Blackman Township with easy access to I‑94 between Chicago and Detroit; Two well‑conditioned buildings totaling 11,616 SF; 1984 build with slab foundation and paved road surface; Modern former printing facility with 3‑phase power, 12‑ft ceilings, grade‑level loading dock, and drive‑in door
