Mixed-Use Live-Work
For Sale
$194,900
205 N West Avenue, Jackson, MI 49201
COMMERCIAL - Jackson, MI
Property Size2,028 SF
Lot Size0.19 Acres
Price / SF$96.10
Days on Market101
Property Features for 205 N West Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bathroom 2
Interior features
Broadband
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Standard status
Active
APN
2-010300000
Size
2,028 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 29 BLK 2 ASSESSOR'S WILDWOOD PLAT
Tax Annual Amount
2978
Legal Description
LOT 29 BLK 2 ASSESSOR'S WILDWOOD PLAT
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1890
Floors in Building
2
Number of units
1
Building materials
Aluminum Siding
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
ALEX C PERLOS · License #6501210977
(517) 740-4421
Added: May 15
Changed: Aug 4
Last Checked: Aug 23 at 1:06AM
MLS# 26022622
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.
This mixed-use live-work property offers income-producing versatility with a main level currently operating as a fully equipped salon. The sale includes salon chairs, wash sinks, a tanning bed, related equipment, and products.
Upstairs features a spacious 2-bedroom, 1-bath rental unit with a private entrance. The unit has separate utilities with individual meters, including a furnace, central A/C, and newer hot water tanks.
The property is zoned for both commercial and residential use, supporting continued use as a salon, or adaptation to other compatible business and housing concepts. Located at 205 N West Avenue in Jackson, Michigan, the property sits on a 0.19-acre lot and totals 2,028 square feet.
Upstairs features a spacious 2-bedroom, 1-bath rental unit with a private entrance. The unit has separate utilities with individual meters, including a furnace, central A/C, and newer hot water tanks.
The property is zoned for both commercial and residential use, supporting continued use as a salon, or adaptation to other compatible business and housing concepts. Located at 205 N West Avenue in Jackson, Michigan, the property sits on a 0.19-acre lot and totals 2,028 square feet.
Key Highlights
- Mixed‑use property zoned for both commercial and residential use
- Main level currently operating as a fully equipped salon (chairs, wash sinks, tanning bed, equipment, and products included)
- Upstairs unit features a 2‑bedroom, 1‑bath rental with private entrance and separate utilities
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
$16,996
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
8.72%
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%
$339,920
$339.9K
Cap Rate 7%
$242,800
$242.8K
Cap Rate 9%
$188,844
$188.8K
Market Conditions
NOI Build-Up for 2,028 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
$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 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%
$339,920
Cap Rate 7%
$242,800
Cap Rate 9%
$188,844
Alternative Uses
Best Use
Office B
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 8.72%
Second Best
Mixed Use
$240.1K
$210.1K – $280.1K
NOI $16,807 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$323.7K
$283.3K – $377.7K
NOI $22,662 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
789
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Main level is set up as a fully equipped salon, with a separate upstairs 2-bedroom rental unit.
Where is this live-work space located?
The property is located at 205 N West Avenue 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: Mixed‑use property zoned for both commercial and residential use; Main level currently operating as a fully equipped salon (chairs, wash sinks, tanning bed, equipment, and products included); Upstairs unit features a 2‑bedroom, 1‑bath rental with private entrance and separate utilities
