Restaurant with Seasonal Outdoor
New
For Sale
$389,000
145 W Pearl Street, Jackson, MI 49201
An established lunch-and-dinner operation includes commercial kitchen equipment, fixtures, and a liquor license.
Property Size1,980 SF
Price / SF$196.46
Days on Market6
Property Features for 145 W Pearl Street
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Commercial
Zoning
C-3
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$5,915
Building Details
Building Size
1,980 SF
Year Built
1950
Buildings
1
Stories
1
Units
1
Listing Agency:
Century 21 Affiliated - Jackson
(517) 888-0050
Listed By:
Pamela Sue Mackinder · License #MI6501425179
(517) 581-1630
Source:
61houses
Added: Nov 1
Last Checked: Nov 5 at 6:47PM
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 Century 21 Affiliated - Jackson
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Nite Lite is an operating restaurant at 145 W Pearl Street in Jackson. The 1,980-square-foot property was built in 1950 and is zoned C-3. The existing operation features a lunch and dinner menu, with commercial kitchen equipment and fixtures included in the offering. A liquor license is also part of the sale.
Seasonal outdoor seating provides additional dining space. The property is in Downtown Jackson.
Seasonal outdoor seating provides additional dining space. The property is in Downtown Jackson.
Key Highlights
- 1,980‑square‑foot restaurant built in 1950
- C‑3 zoning
- 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
—
—
no second resolved use
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
1,487
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Electronics 11%
Dollar General
Shops & Services
4,898 visits/mo
0.5 miles
Huntington Bank
Shops & Services
2,329 visits/mo
0.2 miles
Boost Mobile
Electronics
1,213 visits/mo
0.4 miles
Old National Bank
Shops & Services
1,008 visits/mo
0.1 miles
Firestone Complete Auto Care
Shops & Services
765 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
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 - An established lunch-and-dinner operation includes commercial kitchen equipment, fixtures, and a 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 built in 1950; C‑3 zoning; Commercial kitchen equipment and fixtures included
