Two-Story Flex Industrial Building with
For Sale
$289,900
1716 Wildwood Avenue, Jackson, MI 49202
COMMERCIAL - Jackson, MI
Property Size3,776 SF
Lot Size0.22 Acres
Price / SF$76.77
Days on Market75
Property Features for 1716 Wildwood Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
I-2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Parking
5
Interior features
Broadband
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Standard status
Active
APN
000-08-28-337-007-00
Size
3,776 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 AND VACATED ALLEY LYING BETWEEN LOTS 3 AND 4 DREXEL PLACE
Tax Annual Amount
2758
Legal Description
LOT 3 AND VACATED ALLEY LYING BETWEEN LOTS 3 AND 4 DREXEL PLACE
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1977
Floors in Building
2
Number of units
1
Listing Agency:
Exit Realty 1st LLC
(517) 796-9300
Listed By:
KIMBERLY J KURTZ · License #6502343614
(517) 745-1007
Added: Jun 11
Changed: Aug 4
Last Checked: Aug 24 at 4:06PM
MLS# 26029018
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.
Investment Insights
Based on property information with market context.
Located at 1716 Wildwood Avenue in Jackson, Michigan (Blackman Township), this 3,776-square-foot, two-story commercial building is configured with a professional office footprint alongside industrial utility. The property was originally operated as a local tool and die company, and more recently functioned as a long-term home for established contracting services.
The building’s I-2 General Industrial zoning supports a broad range of industrial, manufacturing, specialty trade, and commercial uses. With its adaptable layout across two stories, the space can accommodate business operations that need both administrative/office functions and practical industrial capability.
Offered for sale, the property combines substantial square footage with I-2 zoning flexibility for buyers evaluating a service-oriented business, a multi-tenant office-and-industrial configuration, or other permitted uses consistent with general industrial zoning.
The building’s I-2 General Industrial zoning supports a broad range of industrial, manufacturing, specialty trade, and commercial uses. With its adaptable layout across two stories, the space can accommodate business operations that need both administrative/office functions and practical industrial capability.
Offered for sale, the property combines substantial square footage with I-2 zoning flexibility for buyers evaluating a service-oriented business, a multi-tenant office-and-industrial configuration, or other permitted uses consistent with general industrial zoning.
Key Highlights
- 3,776 sq ft two‑story commercial building at 1716 Wildwood Ave in Blackman Township
- I‑2 General Industrial zoning allows a broad array of industrial, manufacturing, specialty trade, and commercial uses
- Heating includes forced air and cooling includes central air
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 3,776 SF two-story building with office space and I-2 general industrial zoning in Blackman Township.
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 sq ft two‑story commercial building at 1716 Wildwood Ave in Blackman Township; I‑2 General Industrial zoning allows a broad array of industrial, manufacturing, specialty trade, and commercial uses; Heating includes forced air and cooling includes central air
