Restaurant Building with Outdoor
For Sale
Under Contract
$389,000
145 W Pearl Street, Jackson, MI 49201
Commercial Sale, Jackson, MI
Property Size1,980 SF
Lot Size0.05 Acres
Price / SF$196.46
Days on Market101
Property Features for 145 W Pearl Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Standard status
Active Under Contract
APN
1-003400000
Size
1,980 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 22 FT OF N 90 FT OF LOT 9 BIN R 1E OF THE ORIGINAL PLAT OF THE VILLAGE OF JACKSONBURG
Tax Annual Amount
5916
Legal Description
W 22 FT OF N 90 FT OF LOT 9 BIN R 1E OF THE ORIGINAL PLAT OF THE VILLAGE OF JACKSONBURG
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Building materials
Brick
Roof type
Rubber
Listing Agency:
Century 21 Affiliated - Jackson
(517) 888-0050
Listed By:
Pamela Sue Mackinder
(517) 581-1630
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 28 at 10:06PM
MLS# 26037190
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.
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Investment Insights
Based on property information with market context.
This restaurant property at 145 W Pearl Street includes 1,980 square feet on a 0.05-acre parcel. The 1950 building has brick construction, a rubber roof, forced-air heating, and central air conditioning. Interior components include a basement and two bathrooms, while the operation includes commercial kitchen equipment and fixtures. A lunch-and-dinner menu and seasonal outdoor seating are also in place.
The property is positioned in Downtown Jackson, Michigan, at postal code 49201. The sale includes the liquor license along with the restaurant equipment and fixtures, providing a defined operating setup for continued food-and-beverage use.
The property is positioned in Downtown Jackson, Michigan, at postal code 49201. The sale includes the liquor license along with the restaurant equipment and fixtures, providing a defined operating setup for continued food-and-beverage use.
Key Highlights
- 1,980‑square‑foot restaurant property on a 0.05‑acre parcel
- Located at 145 W Pearl Street in Downtown Jackson, MI 49201
- Commercial kitchen equipment and fixtures included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,813
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,260
$376.3K
Cap Rate 7%
$268,757
$268.8K
Cap Rate 9%
$209,033
$209.0K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$27.3K $13.80/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$25.1K $12.67/SF
− OpEx
−$6.3K −$3.17/SF
NOI
$18.8K $9.50/SF
Area
Jackson County, MI
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,260
Cap Rate 7%
$268,757
Cap Rate 9%
$209,033
Alternative Uses
Best Use
Specialty Retail
$268.8K
$235.2K – $313.6K
NOI $18,813 @ 7.0% cap · market cap 4.84%
Second Best
Industrial
$196.5K
$172.0K – $229.3K
NOI $13,756 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$316.1K
$276.6K – $368.8K
NOI $22,125 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,469
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 39%
Electronics 9%
BIGGBY COFFEE
Dining
6,603 visits/mo
0.4 miles
Huntington Bank
Shops & Services
2,329 visits/mo
0.1 miles
Boost Mobile
Electronics
1,213 visits/mo
0.3 miles
Old National Bank
Shops & Services
1,008 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
765 visits/mo
0.3 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
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating food-and-beverage property with a seasonal patio, commercial kitchen improvements, and an included liquor license.
Where is this conventional restaurant located?
The property is located at 145 W Pearl Street Jackson, MI.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 1,980‑square‑foot restaurant property on a 0.05‑acre parcel; Located at 145 W Pearl Street in Downtown Jackson, MI 49201; Commercial kitchen equipment and fixtures included
