Mixed-Use Property with Living
New
For Sale
$169,900
2605 Wildwood Avenue, Jackson, MI 49202
Commercial Sale, Jackson, MI
Property Size912 SF
Lot Size0.17 Acres
Price / SF$186.29
Days on Market4
Property Features for 2605 Wildwood Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Parking
3
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Standard status
Active
APN
000-08-32-429-005-00
Size
912 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Parcel ID 000-08-32-429-005-00
Tax Annual Amount
3439
Legal Description
Parcel ID 000-08-32-429-005-00
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Window Unit(s)
Amenities
green space
fenced in area
2 sheds
parking
Building Details
Year built
1960
Floors in Building
2
Number of units
1
Building materials
Vinyl Siding
Listing Agency:
The Brokerage House
(517) 788-8733
Listed By:
Darin M Shaw · License #6506048689
(347) 624-1338
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 18 at 3:06AM
MLS# 26049106
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 property at 2605 Wildwood Avenue combines commercial space with residential features in a 912-square-foot building constructed in 1960. The main level includes a bedroom, kitchen, and bathroom, while the upper level provides lounge-style living space. The property also includes a basement, vinyl siding, forced-air heat, and window-unit cooling.
Set on 0.17 acres in Jackson, the site includes a fenced portion of the backyard, green space, two sheds, and parking. Natural gas is available. The configuration supports a storefront, studio, office, showroom, or similar commercial use alongside on-site living space, subject to applicable requirements.
Set on 0.17 acres in Jackson, the site includes a fenced portion of the backyard, green space, two sheds, and parking. Natural gas is available. The configuration supports a storefront, studio, office, showroom, or similar commercial use alongside on-site living space, subject to applicable requirements.
Key Highlights
- 912‑square‑foot mixed‑use building on 0.17 acres
- Main‑floor bedroom, kitchen, and bathroom
- Upper‑level lounge living area
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
$7,643
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
4.50%
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%
$152,860
$152.9K
Cap Rate 7%
$109,186
$109.2K
Cap Rate 9%
$84,922
$84.9K
Market Conditions
NOI Build-Up for 912 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
$13.1K $14.40/SF
− Vacancy
−$2.9K −$3.23/SF
EGI
$10.2K $11.17/SF
− OpEx
−$2.5K −$2.79/SF
NOI
$7.6K $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%
$152,860
Cap Rate 7%
$109,186
Cap Rate 9%
$84,922
Alternative Uses
Best Use
Office B
$109.2K
$95.5K – $127.4K
NOI $7,643 @ 7.0% cap · market cap 4.50%
Second Best
Mixed Use
$108.0K
$94.5K – $126.0K
NOI $7,558 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$145.6K
$127.4K – $169.9K
NOI $10,191 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
Business Placement
Demographics for 49202, MI
19,359
Population
9,598
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$41,916
Median Household Income
$30,638
Median Earnings
$915
Median Rent
$104,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined commercial and residential layout with private outdoor space, parking, and flexible interior areas.
Where is this mixed-use property located?
The property is located at 2605 Wildwood Avenue Jackson, MI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 912‑square‑foot mixed‑use building on 0.17 acres; Main‑floor bedroom, kitchen, and bathroom; Upper‑level lounge living area
