Duplex with Heated
For Sale
$284,900
2716 Page Avenue, Jackson, MI 49203
COMMERCIAL - Jackson, MI
Property Size1,521 SF
Lot Size1.11 Acres
Price / SF$187.31
Days on Market97
Property Features for 2716 Page Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-2 & RU1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Parking
10
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Directions
Northeast corner of Page Ave and Watts St
Standard status
Active
APN
420-13-01-213-087-06
Size
1,521 SF
Lot size
1.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 8 AND 9 BLOCK 13 EXC THEREFROM THE S 30 FT OF SD LOTS ALSO ENTIRE LOTS 6 AND 7 BLOCK 13 ROOTS' EASTERN SUBDIVISION
Tax Annual Amount
2105
Legal Description
LOTS 8 AND 9 BLOCK 13 EXC THEREFROM THE S 30 FT OF SD LOTS ALSO ENTIRE LOTS 6 AND 7 BLOCK 13 ROOTS' EASTERN SUBDIVISION
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Radiant, Forced Air
Water front features
Pond
Amenities
heated
separate electric
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Building materials
Wood Siding, Metal Siding
Roof type
Composition
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
Mike Kanser · License #6501392301
(517) 416-6570
Added: May 8
Changed: Aug 4
Last Checked: Aug 12 at 1:06PM
MLS# 26020956
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 duplex property includes a 1,521-square-foot residential building with two bathrooms, a basement, wood and metal siding, composition roofing, and a 1930 construction date. The units are occupied under month-to-month arrangements. Heating is provided by radiant and forced-air systems, with natural gas available and septic service in place.
The 1,472-square-foot pole barn/shop is heated and separately metered for electric service. It is currently registered with the State of Michigan as a Motor Vehicle Repair Facility. The property encompasses two parcels totaling 1.11 acres and includes a pond. Located on a high-traffic corner approximately one minute from 127, the site also includes equipment that may be available separately.
The 1,472-square-foot pole barn/shop is heated and separately metered for electric service. It is currently registered with the State of Michigan as a Motor Vehicle Repair Facility. The property encompasses two parcels totaling 1.11 acres and includes a pond. Located on a high-traffic corner approximately one minute from 127, the site also includes equipment that may be available separately.
Key Highlights
- Two parcels totaling 1.11 acres
- 1,521‑square‑foot duplex with month‑to‑month tenants
- 1,472‑square‑foot heated pole barn/shop
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
$10,567
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
3.71%
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%
$211,340
$211.3K
Cap Rate 7%
$150,957
$151.0K
Cap Rate 9%
$117,411
$117.4K
Market Conditions
NOI Build-Up for 1,521 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
$16.8K $11.04/SF
− Vacancy
−$1.7K −$1.12/SF
EGI
$15.1K $9.92/SF
− OpEx
−$4.5K −$2.98/SF
NOI
$10.6K $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 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%
$211,340
Cap Rate 7%
$150,957
Cap Rate 9%
$117,411
Alternative Uses
Best Use
Industrial
$151.0K
$132.1K – $176.1K
NOI $10,567 @ 7.0% cap · market cap 3.71%
Second Best
Retail
$149.8K
$131.1K – $174.8K
NOI $10,489 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing property combines a tenant-occupied duplex with a separately powered automotive repair building on a corner site.
Where is this duplex located?
The property is located at 2716 Page Avenue Jackson, MI.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Two parcels totaling 1.11 acres; 1,521‑square‑foot duplex with month‑to‑month tenants; 1,472‑square‑foot heated pole barn/shop
