Corner Retail and Bank
1712 E Michigan Avenue Jackson, MI 49202
1712 E Michigan Avenue, Jackson, MI, 49202
$599,900
For Sale
$599,900
One-story corner property with former bank buildout and parking for 20+ vehicles, near US-127 and I-94.
Property Size2,936 SF
Lot Size0.69 Acres
Price / SF$204.33
Days on Market115
Property Features for 1712 E Michigan Avenue
General Information
- Standard status
- Active
- Size
- 2,936 SF
- Lot size
- 0.69 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1952
Listing Agency
KW Professionals
(734) 259-1100
Listed by
Jeff Glover · License #6501317808
(734) 259-1100
Source
Carolbollo
Added: Mar 25 Checked: Jul 16 at 1:14 pm
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 KW Professionals
Investment Insights
Based on property information with market context.
This is a one-story, former bank building on a corner lot with an approximate 2,936 square feet of space. The property includes a parking lot with capacity for 20+ vehicles.
The site is supported by an average daily traffic count of 10,218 and offers convenient access to downtown Jackson via a short drive. It is also located near Henry Ford Jackson Hospital, with easy access to both US-127 and I-94.
The property is zoned PB (Planned Building Group Shopping Center), which supports a variety of retail and service-based uses.
The site is supported by an average daily traffic count of 10,218 and offers convenient access to downtown Jackson via a short drive. It is also located near Henry Ford Jackson Hospital, with easy access to both US-127 and I-94.
The property is zoned PB (Planned Building Group Shopping Center), which supports a variety of retail and service-based uses.
Key Highlights
- Corner lot with average daily traffic count of 10,218
- 0.69‑acre site with a spacious 20+ space parking lot
- One‑story 2,936 sq ft building built in 1952; formerly used as a bank
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.5k | $13.80 |
| − Vacancy | −$3.3k | −$1.13 |
| EGI | $37.2k | $12.67 |
| − OpEx | −$9.3k | −$3.17 |
| NOI | $27.9k | $9.50 |
2,936 SF · lease $13.80/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$398.5K
$348.7K – $464.9K
NOI $27,896 @ 7.0% cap · market cap 4.65%
Second Best
Retail
$289.3K
$253.1K – $337.5K
NOI $20,248 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$468.7K
$410.1K – $546.8K
NOI $32,808 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - One-story corner property with former bank buildout and parking for 20+ vehicles, near US-127 and I-94.
Where is this bank located?
The property is located at 1712 E Michigan Avenue Jackson, MI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Corner lot with average daily traffic count of 10,218; 0.69‑acre site with a spacious 20+ space parking lot; One‑story 2,936 sq ft building built in 1952; formerly used as a bank
