Versatile Commercial Property For
For Sale
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1623 Wildwood Ave, Jackson, MI 49202
Former manufacturing facility with flexible I-2 zoning and ample space.
Property Size37,077 SF
Price / SF$0.00
Days on Market241
Property Features for 1623 Wildwood Ave
General Information
Standard status
Active
Size
37,077 SF
Property subtype
Industrial
Zoning
I-2 general industrial district.
Lease Term
NNN
Properties For Sale
at 1623 Wildwood Ave Contact usIndustrial
Size
38,467 SF
Type
Warehouse/Distribution
Term
Negotiable
Office
Size
6,034 SF
Type
Office Building
Term
Negotiable
Listing Agency:
Swisher Commercial
Listed By:
Scott Schmunk · License #MI #6506039255
(734) 223-0278
Source:
Swishercommercial
Added: Feb 25
Changed: Oct 11
Last Checked: Oct 23 at 4:41AM
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 Swisher Commercial
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Investment Insights
Based on property information with market context.
This versatile commercial property, formerly a manufacturing facility, is zoned I-2 and offers a solid foundation for various business endeavors. The property features over 37,000 square feet of space available for lease, including over 6,000 square feet of office space. The I-2 zoning allows for flexible business use. The space can be divided for office, manufacturing, warehouse, or flex use. The property includes one loading dock, two grade-level doors, and an 18-foot ceiling. It also features 480V 3-phase power. The property is located two miles south of I-94 and west of M-127.
Key Highlights
- Over 37,000 SF of versatile commercial space available for lease.
- Flexible I‑2 zoning allows for office, manufacturing, warehouse, or flex use.
- Includes 6,000 SF of dedicated office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,591
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,151,820
$5.2M
Cap Rate 7%
$3,679,871
$3.7M
Cap Rate 9%
$2,862,122
$2.9M
Market Conditions
NOI Build-Up for 37,077 SF
Gross rent
$409.3K $11.04/SF
− Vacancy
−$41.3K −$1.12/SF
EGI
$368.0K $9.92/SF
− OpEx
−$110.4K −$2.98/SF
NOI
$257.6K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,151,820
Cap Rate 7%
$3,679,871
Cap Rate 9%
$2,862,122
Alternative Uses
Best Use
Industrial
$3.68M
$3.22M – $4.29M
NOI $257,591 @ 7.0% cap · market cap 4,293,183.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.92M
$5.18M – $6.91M
NOI $414,313 @ 7.0% cap · market cap 6,905,216.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Former manufacturing facility with flexible I-2 zoning and ample space.
Where is this manufacturing property located?
The property is located at 1623 Wildwood Ave Jackson, MI.
What are key features of this property?
This property features: Over 37,000 SF of versatile commercial space available for lease.; Flexible I‑2 zoning allows for office, manufacturing, warehouse, or flex use.; Includes **6,000 SF of dedicated office space.**
