Napoleon Township Commercial
For Sale
Contact for pricing
130 East St, Jackson, MI 49201
3,000 sq ft building on 4 acres for sale.
Property Size3,016 SF
Lot Size4.00 Acres
Price / SF$132.29
Days on Market165
Property Features for 130 East St
General Information
Standard status
Active
Size
3,016 SF
Lot size
4.00 Acres
Property subtype
Retail
Building Details
Year Built
2010
Buildings
1
Units
1
Listing Agency:
ERA Reardon Realty
(517) 536-4919
Listed By:
Rick Reardon · License #6501401186
Source:
Crexi
Added: Mar 10
Changed: Aug 13
Last Checked: Aug 20 at 5:42AM
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 ERA Reardon Realty
Investment Insights
Based on property information with market context.
This commercial property is located in Napoleon Township and offers 3,000 sq ft of space on a 4-acre lot. The property benefits from a high-visibility location with excellent accessibility, making it suitable for various commercial uses. Recent updates include renovated bathrooms, new flooring, fresh interior paint, and new windows. The property also features two new furnaces for climate control. Updated cabinetry and appliances, including a washer and dryer, are included in the sale. The property's size and improvements offer possibilities for business operations, expansion, storage, or redevelopment.
Key Highlights
- 3,000 sq ft building on 4 acres offers ample space.
- High‑visibility location with excellent accessibility.
- Extensive recent updates including renovated bathrooms, new flooring, fresh paint, and new windows.
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
$20,800
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
5.21%
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%
$416,000
$416.0K
Cap Rate 7%
$297,143
$297.1K
Cap Rate 9%
$231,111
$231.1K
Market Conditions
NOI Build-Up for 3,016 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
$36.2K $12.00/SF
− Vacancy
−$6.5K −$2.15/SF
EGI
$29.7K $9.85/SF
− OpEx
−$8.9K −$2.96/SF
NOI
$20.8K $6.90/SF
Area
Jackson County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
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%
$416,000
Cap Rate 7%
$297,143
Cap Rate 9%
$231,111
Alternative Uses
Best Use
Retail
$297.1K
$260.0K – $346.7K
NOI $20,800 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.5K
$421.3K – $561.7K
NOI $33,702 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Exxon
Shops & Services
14,142 visits/mo
0.4 miles
Dollar General
Shops & Services
7,272 visits/mo
0.4 miles
SUBWAY
Dining
2,615 visits/mo
0.4 miles
BP
Shops & Services
1,813 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 3,000 sq ft building on 4 acres for sale.
Where is this retail space located?
The property is located at 130 East St Jackson, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,000 sq ft building on 4 acres offers ample space.; High‑visibility location with excellent accessibility.; Extensive recent updates including renovated bathrooms, new flooring, fresh paint, and new windows.
