Two-Unit Mixed-Use
New
For Sale
$200,000
1310 W Michigan Avenue, Jackson, MI 49202
Commercial Sale, Jackson, MI
Property Size1,812 SF
Lot Size0.11 Acres
Price / SF$110.38
Days on Market2
Property Features for 1310 W Michigan Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-2
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 3, Bathroom 2, Bathroom 1
Parking
4
Interior features
Broadband
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Standard status
Active
APN
2-036000000
Size
1,812 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 41.4 FT OF LOT 33 WILLIAMSON'S ADD
Tax Annual Amount
4619
Legal Description
W 41.4 FT OF LOT 33 WILLIAMSON'S ADD
Utilities
Utilities
Cable Available
Heating system
Baseboard, Forced Air
Cooling system
Central Air, Wall Unit(s)
Building Details
Year built
1926
Floors in Building
2
Number of units
2
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: Aug 21
Last Checked: Aug 22 at 3:06PM
MLS# 26044257
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.
This mixed-use property contains 1,812 square feet within a two-unit configuration. The main level provides commercial space with an existing tenant, two half baths, and access to a full basement for storage and utility functions. The upper level includes a one-bedroom, one-bath residential unit, which is also occupied. Both components currently generate rental income.
Built in 1926 on 0.11 acres, the property fronts W. Michigan Avenue in Jackson, with exposure to a high-traffic corridor and access to downtown Jackson, restaurants, shopping, and other area amenities. Building features include vinyl siding and brick construction materials, baseboard and forced-air heating, central air and wall-unit cooling, broadband, and cable availability.
Built in 1926 on 0.11 acres, the property fronts W. Michigan Avenue in Jackson, with exposure to a high-traffic corridor and access to downtown Jackson, restaurants, shopping, and other area amenities. Building features include vinyl siding and brick construction materials, baseboard and forced-air heating, central air and wall-unit cooling, broadband, and cable availability.
Key Highlights
- 1,812‑square‑foot mixed‑use property built in 1926
- Main‑level commercial space with existing tenant and two half baths
- Upper‑level occupied 1‑bedroom, 1‑bath residential unit
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
$15,017
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
7.51%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
157k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 71%
Dining 19%
Shops & Services 11%
Walmart
Superstores
111,015 visits/mo
0.4 miles
McDonald's
Dining
24,327 visits/mo
0.4 miles
Shell
Shops & Services
10,479 visits/mo
0.3 miles
Los Tres Amigos
Dining
5,203 visits/mo
0.5 miles
Valvoline Instant Oil Change
Shops & Services
2,796 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Occupied commercial and residential spaces share a building with basement storage and access to W. Michigan Avenue.
Where is this mixed-use property located?
The property is located at 1310 W Michigan Avenue 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; Main‑level commercial space with existing tenant and two half baths; Upper‑level occupied 1‑bedroom, 1‑bath residential unit
