Two-Story Industrial Flex
For Sale
Contact for pricing
1716 Wildwood Avenue, Jackson, MI 49202
Adaptable two-story building with an office component in I-2 General Industrial zoning for industrial and service-focused operators.
Property Size3,776 SF
Price / SF$76.77
Days on Market71
Property Features for 1716 Wildwood Avenue
General Information
Standard status
Active
Size
3,776 SF
Total Parking Spaces
5
Property subtype
Office, Industrial
Building Details
Year Built
1977
Year Renovated
2002
Buildings
1
Units
1
Listing Agency:
Exit Realty 1st LLC
(517) 745-1007
Listed By:
KIMBERLY KURTZ · License #6502343614
Source:
Crexi
Added: Jun 12
Changed: Aug 11
Last Checked: Aug 20 at 9:41AM
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 Exit Realty 1st LLC
Investment Insights
Based on property information with market context.
This two-story commercial building totals 3,776 square feet and combines a professional office footprint with flexible industrial functionality. The property was originally operated as a local tool and die company and later served as a long-term home for established contracting services. The layout supports an adaptable mix of administrative space and operational space, making it useful for a corporate headquarters-style setup, a multi-tenant arrangement, or a service-based business that needs both office and work functions.
Located at 1716 Wildwood Avenue in Blackman Township, the building is presented for sale as a purpose-built I-2 General Industrial property. The I-2 designation is specifically highlighted as accommodating a broader range of industrial, manufacturing, specialty trade, and commercial uses compared with standard office zoning.
From a tenant and user perspective, the key advantage is the match between the building’s mixed office-and-industrial configuration and the flexibility of I-2 General Industrial zoning. For buyers evaluating a property that can support both administrative operations and industrial activity, this facility offers a ready-made option with a history aligned to tool-and-die and contracting-style use while remaining suitable for other I-2-compliant industrial and commercial applications.
Located at 1716 Wildwood Avenue in Blackman Township, the building is presented for sale as a purpose-built I-2 General Industrial property. The I-2 designation is specifically highlighted as accommodating a broader range of industrial, manufacturing, specialty trade, and commercial uses compared with standard office zoning.
From a tenant and user perspective, the key advantage is the match between the building’s mixed office-and-industrial configuration and the flexibility of I-2 General Industrial zoning. For buyers evaluating a property that can support both administrative operations and industrial activity, this facility offers a ready-made option with a history aligned to tool-and-die and contracting-style use while remaining suitable for other I-2-compliant industrial and commercial applications.
Key Highlights
- 3,776 SF two‑story commercial building with adaptable space for a range of office/industrial uses
- I‑2 General Industrial zoning with flexibility for industrial, manufacturing, specialty trade, and commercial uses
- Built in 1977 and designed for an industrial tool‑and‑die and contracting service history
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
$26,234
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
9.05%
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%
$524,680
$524.7K
Cap Rate 7%
$374,771
$374.8K
Cap Rate 9%
$291,489
$291.5K
Market Conditions
NOI Build-Up for 3,776 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
$41.7K $11.04/SF
− Vacancy
−$4.2K −$1.12/SF
EGI
$37.5K $9.92/SF
− OpEx
−$11.2K −$2.98/SF
NOI
$26.2K $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 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%
$524,680
Cap Rate 7%
$374,771
Cap Rate 9%
$291,489
Alternative Uses
Best Use
Flex RnD
$506.7K
$443.3K – $591.1K
NOI $35,467 @ 7.0% cap · market cap 12.23%
Second Best
Industrial
$374.8K
$327.9K – $437.2K
NOI $26,234 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$602.8K
$527.4K – $703.3K
NOI $42,195 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable two-story building with an office component in I-2 General Industrial zoning for industrial and service-focused operators.
Where is this flex space located?
The property is located at 1716 Wildwood Avenue Jackson, MI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 3,776 SF two‑story commercial building with adaptable space for a range of office/industrial uses; I‑2 General Industrial zoning with flexibility for industrial, manufacturing, specialty trade, and commercial uses; Built in 1977 and designed for an industrial tool‑and‑die and contracting service history
