Commercial Land with Highway
For Sale
Contact for pricing
3000 Blake Road, Jackson, MI 49201
Land parcel with convenient I-94 connectivity and visibility, supporting future expansion, redevelopment, or owner-user use.
Property Size41,776 SF
Price / SF$98.14
Days on Market81
Property Features for 3000 Blake Road
General Information
Standard status
Active
Size
41,776 SF
Class
B
Property subtype
Office
Zoning
O-1 Office District
Occupancy
25%
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Year Built
1960
Buildings
1
Units
1
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Detroit - Southfield, Michigan
(248) 358-6113
Listed By:
Kyle Passage · License #6501406372
Source:
Crexi
Added: Jun 2
Changed: Aug 14
Last Checked: Aug 20 at 8:01PM
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 Cushman & Wakefield - Detroit - Southfield, Michigan
Investment Insights
Based on property information with market context.
The property is a commercial land asset featuring an expansive land component that can support future expansion, redevelopment, or repositioning. The offering is structured around both immediate land utility and longer-term flexibility, allowing an investor, developer, or owner-user to shape the site to their operating needs over time.
Located at 3000 Blake Road in Jackson, Michigan, the property benefits from convenient highway access to both Ann Arbor and Lansing. It also provides strong visibility along the I-94 corridor, which can be a practical advantage for businesses and concepts that benefit from brand exposure and straightforward wayfinding.
For prospective buyers, this parcel is well-suited to teams looking for scale and control over future site planning. The combination of regional highway connectivity and I-94 visibility supports a range of end uses, whether you are considering a new development approach or a phased build-out that aligns with your timeline. If you’re evaluating opportunities where the land itself is the primary asset, this property’s configuration and location make it a compelling option to review.
Located at 3000 Blake Road in Jackson, Michigan, the property benefits from convenient highway access to both Ann Arbor and Lansing. It also provides strong visibility along the I-94 corridor, which can be a practical advantage for businesses and concepts that benefit from brand exposure and straightforward wayfinding.
For prospective buyers, this parcel is well-suited to teams looking for scale and control over future site planning. The combination of regional highway connectivity and I-94 visibility supports a range of end uses, whether you are considering a new development approach or a phased build-out that aligns with your timeline. If you’re evaluating opportunities where the land itself is the primary asset, this property’s configuration and location make it a compelling option to review.
Key Highlights
- Land parcel with convenient access to both Ann Arbor and Lansing via I‑94
- Strong visibility along the I‑94 corridor
- Includes a long‑term development upside for future expansion, redevelopment, or repositioning
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
$350,116
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
8.54%
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%
$7,002,320
$7.0M
Cap Rate 7%
$5,001,657
$5.0M
Cap Rate 9%
$3,890,178
$3.9M
Market Conditions
NOI Build-Up for 41,776 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
$601.6K $14.40/SF
− Vacancy
−$134.8K −$3.23/SF
EGI
$466.8K $11.17/SF
− OpEx
−$116.7K −$2.79/SF
NOI
$350.1K $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%
$7,002,320
Cap Rate 7%
$5,001,657
Cap Rate 9%
$3,890,178
Alternative Uses
Best Use
Office B
$5.00M
$4.38M – $5.84M
NOI $350,116 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.67M
$5.84M – $7.78M
NOI $466,822 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
59
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Land parcel with convenient I-94 connectivity and visibility, supporting future expansion, redevelopment, or owner-user use.
Where is this office building located?
The property is located at 3000 Blake Road Jackson, MI.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Land parcel with convenient access to both Ann Arbor and Lansing via I‑94; Strong visibility along the I‑94 corridor; Includes a long‑term development upside for future expansion, redevelopment, or repositioning
