Updated Retail Building with New
For Sale
Under Contract
$399,000
130 East Street, Jackson, MI 49201
COMMERCIAL - Jackson, MI
Property Size3,016 SF
Lot Size4.02 Acres
Price / SF$132.29
Days on Market177
Property Features for 130 East Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
Interior features
Broadband
Elementary school district
Napoleon
Middle school district
Napoleon
High school district
Napoleon
Standard status
Active Under Contract
APN
000-15-31-351-012-02
Size
3,016 SF
Lot size
4.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT SE COR OF W FRL 1/2 OF SW FRL 1/4 SEC 31TH N01 degrees 00'00''E ALG W 1/8 LN OF SD SEC 944.83 FT TO POB TH N88 degrees 56'07''W 2
Tax Annual Amount
8743
Legal Description
BEG AT SE COR OF W FRL 1/2 OF SW FRL 1/4 SEC 31TH N01 degrees 00'00''E ALG W 1/8 LN OF SD SEC 944.83 FT TO POB TH N88 degrees 56'07''W 2
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
renovated bathrooms
new flooring
fresh interior paint
new windows
new furnaces
updated cabinetry
washer and dryer
Building Details
Year built
2010
Floors in Building
1
Number of units
1
Building materials
Vinyl Siding, Brick
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
Jill Baker · License #6501437282
(517) 745-3114
Added: Feb 25
Changed: Aug 4
Last Checked: Aug 21 at 10:06AM
MLS# 26006859
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 130 East Street in Jackson, Michigan, this updated retail building offers approximately 3,016 square feet of indoor space on a 4.02-acre parcel. Recent improvements include renovated bathrooms, new flooring throughout, fresh interior paint, and new windows. The property also includes two new furnaces for climate control, along with updated cabinetry and appliances, including a washer and dryer included in the sale.
The listing describes the site as having high visibility and excellent accessibility. Buyer should verify zoning and permitted uses. Parcel ID 000-15-31-351-012-01 is included.
With the existing building, utilities, and interior updates already in place, the property may support a range of commercial operations, with exact use and development options to be confirmed through zoning and permitting.
The listing describes the site as having high visibility and excellent accessibility. Buyer should verify zoning and permitted uses. Parcel ID 000-15-31-351-012-01 is included.
With the existing building, utilities, and interior updates already in place, the property may support a range of commercial operations, with exact use and development options to be confirmed through zoning and permitting.
Key Highlights
- 3,000 sq ft commercial building on 4 acres in Napoleon Township
- Built in 2010 with vinyl siding and brick construction
- Updated interior with renovated bathrooms, new flooring, fresh interior 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
107
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
0.1 miles
Dollar General
Shops & Services
7,272 visits/mo
0.4 miles
SUBWAY
Dining
2,615 visits/mo
0.1 miles
BP
Shops & Services
1,813 visits/mo
0.2 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Renovated retail building on 4.02 acres featuring new flooring, fresh paint, updated bathrooms, and two new furnaces.
Where is this retail space located?
The property is located at 130 East Street 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 commercial building on 4 acres in Napoleon Township; Built in 2010 with vinyl siding and brick construction; Updated interior with renovated bathrooms, new flooring, fresh interior paint, and new windows
