High Traffic Corner
2005 E Michigan Avenue, Jackson, MI 49202
Centrally located commercial property near downtown Jackson.
Type:Commercial/Industrial
Property size:
3,000 SFPrice / SF:
$155/SF- Added:
- Apr 10, 2025
- Days on Market:
- 416
- Last Refresh:
- May 28 at 1:10 pm
Property Features for 2005 E Michigan Avenue
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1985
Listing agent ALEX C PERLOS License #6501210977 (517) 740-4421
Listing office ERA REARDON REALTY, L.L.C. (517) 740-4421
Listing date Apr 10, 2025
Source Exitrealty
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 ERA REARDON REALTY, L.L.C.
HighLights
- Prime high‑traffic corner lot location.
- Centrally located near downtown, train station, shops, restaurants, US‑127 and I‑94.
- Approximately 3,000 square feet of space including showroom, reception, office, break room, storage and warehouse.
- Includes warehouse space and overhead doors.
- Ample parking available.
- Three lots included in the sale.
Overview
This centrally located corner lot is near downtown Jackson, Henry Ford, Jackson's historic train station, shops, restaurants, US-127, and I-94. Formerly an auto dealership and detail shop, the property features approximately 3,000 square feet with a large showroom, reception area, office, break room, and storage. It also includes a warehouse space, overhead doors, and ample parking. The sale includes 3 lots. A deed restriction excludes oil change businesses. The floor load is 6.
Local Financial Insights For Warehouse
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 | $33.1k | $11.04 |
| − Vacancy | −$3.3k | −$1.12 |
| EGI | $29.8k | $9.92 |
| − OpEx | −$4.5k | −$1.49 |
| NOI | $25.3k | $8.44 |
3,000 SF · lease $11.04/SF/yr · vacancy 10.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$361.6K
$316.4K – $421.8K
NOI $25,309 @ 7.0% cap · market cap 5.44%
Second Best
Industrial
$297.7K
$260.5K – $347.4K
NOI $20,842 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$478.9K
$419.0K – $558.7K
NOI $33,523 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Showrooms
Similar Places Nearby
- Automotive Service Co — 603 E Washington Ave, Jackson, MI 49203
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Jackson
- State
- Michigan
- Longitude
- -84.439012
- Latitude
- 42.246912
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - Centrally located commercial property near downtown Jackson.
Where is this automotive property located?
The property is located at 2005 E Michigan Avenue Jackson, MI.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Prime high‑traffic corner lot location.; Centrally located near downtown, train station, shops, restaurants, US‑127 and I‑94.; Approximately 3,000 square feet of space including showroom, reception, office, break room, storage and warehouse.
