Turnkey Jackson Icon Business
For Sale
Contact for pricing
300 W North Street, Jackson, MI 49202
Turnkey business with live performance potential and living quarters.
Property Size4,754 SF
Price / SF$98.86
Days on Market93
Property Features for 300 W North Street
General Information
Standard status
Active
Size
4,754 SF
Total Parking Spaces
36
Property subtype
Retail, Office
Building Details
Year Built
1890
Buildings
1
Stories
2
Units
2
Listing Agency:
Production Realty
(517) 745-6405
Listed By:
Tamra Allen · License #6501394988
Source:
Crexi
Added: May 21
Changed: Aug 8
Last Checked: Aug 18 at 7:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Production Realty
Investment Insights
Based on property information with market context.
This Jackson property presents a turnkey business opportunity with potential for live performances, karaoke, outdoor events, pool, pong, darts, cornhole, and dancing. The establishment features a large stage and a sound system. The property includes a horseshoe bar, an updated POS system, premises cameras, and an outdoor space with a deck. The upstairs area contains a 1-bedroom apartment, suitable for on-site living or rental income. The property size is 4,754 square feet.
Key Highlights
- Turnkey business opportunity with established entertainment venue.
- Includes a spacious stage and top‑notch sound system.
- Features a horseshoe bar with updated POS system and premises cameras.
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
$39,842
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
8.48%
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%
$796,840
$796.8K
Cap Rate 7%
$569,171
$569.2K
Cap Rate 9%
$442,689
$442.7K
Market Conditions
NOI Build-Up for 4,754 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
$68.5K $14.40/SF
− Vacancy
−$15.3K −$3.23/SF
EGI
$53.1K $11.17/SF
− OpEx
−$13.3K −$2.79/SF
NOI
$39.8K $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%
$796,840
Cap Rate 7%
$569,171
Cap Rate 9%
$442,689
Alternative Uses
Best Use
Specialty Retail
$645.3K
$564.6K – $752.8K
NOI $45,169 @ 7.0% cap · market cap 9.61%
Second Best
Office B
$569.2K
$498.0K – $664.0K
NOI $39,842 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$758.9K
$664.0K – $885.4K
NOI $53,123 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- The Music Box — 300 W North St, Jackson, MI 49202
- Yogi's Beer Co — 730 Lansing Ave, Jackson, MI 49202
- Denton's Den — 802 E Michigan Ave, Jackson, MI 49201
- Oak Tree Lounge — 617 Oak St, Jackson, MI 49201
- Music Box — 300 W North St, Jackson, MI 49202
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey business with live performance potential and living quarters.
Where is this bar & pub located?
The property is located at 300 W North Street Jackson, MI.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Turnkey business opportunity with established entertainment venue.; Includes a spacious stage and top‑notch sound system.; Features a horseshoe bar with updated POS system and premises cameras.
