Mixed-Use Property with
For Sale
$194,900
205 N West Avenue, Jackson, MI 49201
Commercial Sale, Jackson, MI
Property Size2,028 SF
Lot Size0.19 Acres
Price / SF$96.10
Days on Market141
Property Features for 205 N West Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
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: Sep 16
Last Checked: Oct 2 at 4:06AM
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 2,028-square-foot mixed-use property combines an operating salon on the main level with a separate residential unit above. The salon conveys with chairs, wash sinks, a tanning bed, equipment, products, and related furnishings. The upper level includes two bedrooms and one bathroom, with its own entrance and separate utility systems, including individual meters, a furnace, central A/C, and newer hot water tanks.
Located at 205 N West Avenue in Jackson, Michigan, the property occupies 0.19 acres and was built in 1890. Commercial and residential zoning accommodates the existing salon and apartment arrangement, while the building’s broadband availability, forced-air heating, central air, aluminum siding, and basement add to its functional profile.
Located at 205 N West Avenue in Jackson, Michigan, the property occupies 0.19 acres and was built in 1890. Commercial and residential zoning accommodates the existing salon and apartment arrangement, while the building’s broadband availability, forced-air heating, central air, aluminum siding, and basement add to its functional profile.
Key Highlights
- 2,028‑square‑foot mixed‑use property on 0.19 acres
- Main‑level salon includes chairs, wash sinks, tanning bed, equipment, and products
- Upper‑level 2‑bedroom, 1‑bath apartment with private entrance
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
$16,807
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
8.62%
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%
$336,140
$336.1K
Cap Rate 7%
$240,100
$240.1K
Cap Rate 9%
$186,744
$186.7K
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
$31.6K $15.60/SF
− Vacancy
−$4.7K −$2.34/SF
EGI
$26.9K $13.26/SF
− OpEx
−$10.1K −$4.97/SF
NOI
$16.8K $8.29/SF
Area
Jackson County, MI
Vacancy
15.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
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%
$336,140
Cap Rate 7%
$240,100
Cap Rate 9%
$186,744
Alternative Uses
Best Use
Mixed Use
$240.1K
$210.1K – $280.1K
NOI $16,807 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential zoning supports a salon, retail, office, or rental configuration.
Where is this mixed-use property 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: 2,028‑square‑foot mixed‑use property on 0.19 acres; Main‑level salon includes chairs, wash sinks, tanning bed, equipment, and products; Upper‑level 2‑bedroom, 1‑bath apartment with private entrance
