Industrial Property with Central
240 Watts Road, Jackson, MI 49203
For Sale
New
$449,999
Commercial Sale, Jackson, MI
Property Size3,800 SF
Lot Size0.70 Acres
Price / SF$118.42
Days on Market3
Property Features for 240 Watts Road
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
Home 1st Real Estate
(517) 780-8090
Listed By:
GEORGE PIERSON · License MI #6501344130
(517) 740-8910
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 26059761
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.
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Investment Insights
Based on property information with market context.
This industrial property contains a 3,800-square-foot building with metal siding, central air, and heating by forced air and space heaters. Broadband is listed among the interior features, and cable service is available. The building was constructed in 1980 and includes one bathroom.
The property occupies 0.7 acres. Prior uses identified include Green Grow and a data center.
The property occupies 0.7 acres. Prior uses identified include Green Grow and a data center.
Key Highlights
- 3,800‑square‑foot industrial building
- 0.7‑acre site
- Built in 1980 with metal siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,400
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,000
$528.0K
Cap Rate 7%
$377,143
$377.1K
Cap Rate 9%
$293,333
$293.3K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$42.0K $11.04/SF
− Vacancy
−$4.2K −$1.12/SF
EGI
$37.7K $9.92/SF
− OpEx
−$11.3K −$2.98/SF
NOI
$26.4K $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 Rate 5%
$528,000
Cap Rate 7%
$377,143
Cap Rate 9%
$293,333
Alternative Uses
Best Use
Industrial
$377.1K
$330.0K – $440.0K
NOI $26,400 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.6K
$530.8K – $707.7K
NOI $42,463 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
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Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
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Market
Average Price Trend$/SF for Industrial properties in Jackson, MI
Properties on Market for Industrial properties in Jackson
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - The 3,800-square-foot building includes broadband service and cable availability.
Where is this industrial property located?
The property is located at 240 Watts Road Jackson, MI.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: 3,800‑square‑foot industrial building; 0.7‑acre site; Built in 1980 with metal siding
