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Building Details

Year Built 1890

Buildings 1

Tenancy Multi

Listing Agency: ERA Reardon Realty, L.L.C.

Listed By: ALEX C PERLOS, Jill Baker

Source: Katie-k

Added: Aug 4 Changed: Oct 7 Last Checked: Oct 7 at 1:26PM

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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.

Investment Insights

Based on property information with market context.

This mixed-use property at 205 N West Ave in Jackson, Michigan, combines an operating salon on the main level with a separate residential unit upstairs. The salon includes chairs, wash sinks, a tanning bed, equipment, products, and related fixtures. The upper level contains 2 bedrooms and 1 bathroom, with its own entrance and separately metered utilities. Dedicated mechanical features include an individual furnace, central A/C, and newer hot water tanks.

Zoning allows both commercial and residential use, supporting continued salon operations alongside the existing rental layout. The property was built in 1890 and offers a live-work configuration with distinct commercial and residential areas.

Key Highlights

• Operating salon with chairs, wash sinks, tanning bed, equipment, products, and fixtures included
• Upstairs 2‑bedroom, 1‑bath residential unit
• Private entrance and separate utilities for the upper‑level unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,996

Cap Rate

8.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$339,920 $339.9K

Cap Rate 7%

$242,800 $242.8K

Cap Rate 9%

$188,844 $188.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,028 SF

Gross rent

$29.2K $14.40/SF

− Vacancy

−$6.5K −$3.23/SF

EGI

$22.7K $11.17/SF

− OpEx

−$5.7K −$2.79/SF

NOI

$17.0K $8.38/SF

Area

Jackson County, MI

Vacancy

22.40%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$339,920

Cap Rate 7%

$242,800

Cap Rate 9%

$188,844

Alternative Uses

Best Use

Office B

$242.8K

$212.5K – $283.3K (±1% cap)

NOI $16,996 @ 7.0% cap · market cap 8.72%

Second Best

Mixed Use

$240.1K

$210.1K – $280.1K (±1% cap)

NOI $16,807 @ 7.0% cap · market cap 8.62%

Theoretical Best

Office A

$323.7K

$283.3K – $377.7K (±1% cap)

NOI $22,662 @ 7.0% cap · market cap 11.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Storage Facility (Bike/Boat/Book/etc) Store Pet Grooming Service Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Turnkey business

Opportunity

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

797

Businesses Nearby

Explore this area Business Placement

Demographics for 49201, MI

47,747

Population

18,102

Households

2.6

Avg Household Size

41

Median Age

23%

College-Educated

92%

High-School Grad

155.0 sq mi

ZIP Area

308

Density / Sq Mi

$71,714

Median Household Income

$36,390

Median Earnings

$945

Median Rent

$202,900

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial-residential zoning supports salon, retail, office, or live-work use.

Where is this mixed-use property located?

The property is located at 205 N West Ave Jackson, MI.

What is the asking price?

The asking price for this property is $194,900.

What are key features of this property?

This property features: Operating salon with chairs, wash sinks, tanning bed, equipment, products, and fixtures included; Upstairs 2‑bedroom, 1‑bath residential unit; Private entrance and separate utilities for the upper‑level unit