Updated Storefront
For Sale
$289,000
Pending
1425 Wildwood Avenue, Jackson, MI 49202
COMMERCIAL - Jackson, MI
Property Size3,233 SF
Lot Size0.25 Acres
Days on Market62
Property Features for 1425 Wildwood Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Parking
10
Interior features
Broadband
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Standard status
Pending
APN
2-0598.1000
Size
3,233 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM AT THE INTERS OF THE SLY LN OF WILDWOOD AVE AND THE NLY LN OF DANIEL RD TH SWLY 88.5 FT ALG THE NLY LN OF DANIEL RD
Tax Annual Amount
7583
Legal Description
COM AT THE INTERS OF THE SLY LN OF WILDWOOD AVE AND THE NLY LN OF DANIEL RD TH SWLY 88.5 FT ALG THE NLY LN OF DANIEL RD
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1900
Floors in Building
1
Number of units
1
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
Jill Baker · License #6501437282
(517) 745-3114
Added: Jun 15
Changed: Aug 5
Last Checked: Aug 15 at 5:06AM
MLS# 26029528
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 3,233-square-foot storefront property on a 0.25-acre parcel provides a flexible commercial layout for retail, office, showroom, or specialty concepts. Interior improvements include new flooring, drywall, a drop ceiling, updated lighting, refreshed bathrooms, and fresh paint. The building also includes a basement, two bathrooms, broadband, forced-air heating, and central air conditioning. Originally built in 1900, the property has received improvements to support a clean, updated presentation.
Located at 1425 Wildwood Avenue in Jackson, Michigan, the property includes on-site parking and improvements to the parking lot. The surrounding commercial corridor includes shopping, dining, and established businesses, providing a business-oriented setting for customer-facing or service-based operations.
Located at 1425 Wildwood Avenue in Jackson, Michigan, the property includes on-site parking and improvements to the parking lot. The surrounding commercial corridor includes shopping, dining, and established businesses, providing a business-oriented setting for customer-facing or service-based operations.
Key Highlights
- 3,233 SF storefront property on a 0.25‑acre parcel
- Interior updates include flooring, drywall, drop ceiling, lighting, bathrooms, and paint
- On‑site parking with parking lot improvements
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
$22,296
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
7.71%
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%
$445,920
$445.9K
Cap Rate 7%
$318,514
$318.5K
Cap Rate 9%
$247,733
$247.7K
Market Conditions
NOI Build-Up for 3,233 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
$38.8K $12.00/SF
− Vacancy
−$6.9K −$2.15/SF
EGI
$31.9K $9.85/SF
− OpEx
−$9.6K −$2.96/SF
NOI
$22.3K $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%
$445,920
Cap Rate 7%
$318,514
Cap Rate 9%
$247,733
Alternative Uses
Best Use
Retail
$318.5K
$278.7K – $371.6K
NOI $22,296 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.1K
$451.6K – $602.1K
NOI $36,127 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
172k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 64%
Shops & Services 25%
Apparel 10%
Walmart
Superstores
111,015 visits/mo
0.4 miles
Speedway
Shops & Services
23,284 visits/mo
0.5 miles
JCPenney
Apparel
17,879 visits/mo
0.3 miles
Dollar General
Shops & Services
10,907 visits/mo
0.2 miles
Citgo
Shops & Services
3,792 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Marshall Floral Products — 710 Wildwood Ave, Jackson, MI 49201
Frequently Asked Questions
What type of property is this?
Storefront property - Refreshed commercial space with flexible retail, office, showroom, and specialty-use potential.
Where is this storefront property located?
The property is located at 1425 Wildwood Avenue Jackson, MI.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 3,233 SF storefront property on a 0.25‑acre parcel; Interior updates include flooring, drywall, drop ceiling, lighting, bathrooms, and paint; On‑site parking with parking lot improvements
