Two-Unit Mixed-Use
For Sale
$200,000
1310 W Michigan Ave, Jackson, MI 49202
Occupied commercial and residential spaces create a practical mixed-use configuration with rental income from both levels.
Property Size1,812 SF
Price / SF$110.38
Days on Market102
Property Features for 1310 W Michigan Ave
General Information
Standard status
Active
Size
1,812 SF
Property subtype
Commercial
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Road Access
Yes
Building Details
Year Built
1926
Stories
2
Tenancy
Multi
Listing Agency:
ERA REARDON REALTY, L.L.C.
Listed By:
Jill Baker · License #6501437282
(517) 745-3114
Source:
Vmrealestatemichigan
Added: Jul 5
Changed: Oct 7
Last Checked: Oct 12 at 8:02PM
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, L.L.C.
Investment Insights
Based on property information with market context.
Built in 1926, this 1,812-square-foot mixed-use property combines a street-level commercial space with an upper-floor residence. The commercial portion includes two half baths and connects to a full basement that provides storage and utility space. A 1-bedroom, 1-bath apartment occupies the second level.
Both units are currently occupied and producing rental income. The property fronts W. Michigan Avenue in Jackson, with visibility along a high-traffic corridor and access to downtown, restaurants, shopping, and other area amenities. The combination of commercial and residential occupancy provides a straightforward two-unit configuration for an investor seeking an income-producing property.
Both units are currently occupied and producing rental income. The property fronts W. Michigan Avenue in Jackson, with visibility along a high-traffic corridor and access to downtown, restaurants, shopping, and other area amenities. The combination of commercial and residential occupancy provides a straightforward two-unit configuration for an investor seeking an income-producing property.
Key Highlights
- 1,812‑square‑foot mixed‑use property built in 1926
- Two occupied units generating rental income
- Main‑level commercial space with two half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,017
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,340
$300.3K
Cap Rate 7%
$214,529
$214.5K
Cap Rate 9%
$166,856
$166.9K
Market Conditions
NOI Build-Up for 1,812 SF
Gross rent
$28.3K $15.60/SF
− Vacancy
−$4.2K −$2.34/SF
EGI
$24.0K $13.26/SF
− OpEx
−$9.0K −$4.97/SF
NOI
$15.0K $8.29/SF
Area
Jackson County, MI
Vacancy
15.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,340
Cap Rate 7%
$214,529
Cap Rate 9%
$166,856
Alternative Uses
Best Use
Mixed Use
$214.5K
$187.7K – $250.3K
NOI $15,017 @ 7.0% cap · market cap 7.51%
Second Best
Retail
$178.5K
$156.2K – $208.3K
NOI $12,496 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$289.3K
$253.1K – $337.5K
NOI $20,248 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 50%
Burger King
Dining
13,430 visits/mo
0.4 miles
Family Dollar
Shops & Services
6,181 visits/mo
0.3 miles
Marathon
Shops & Services
5,018 visits/mo
0.3 miles
BP
Shops & Services
2,234 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Occupied commercial and residential spaces create a practical mixed-use configuration with rental income from both levels.
Where is this mixed-use property located?
The property is located at 1310 W Michigan Ave Jackson, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,812‑square‑foot mixed‑use property built in 1926; Two occupied units generating rental income; Main‑level commercial space with two half baths
