Flex Space with Covered
For Sale
$124,900
608 E Pearl Street, Jackson, MI 49201
C-4 zoning accommodates a broad range of retail, office, and service uses in this Jackson commercial property.
Property Size1,520 SF
Lot Size0.37 Acres
Price / SF$82.17
Days on Market108
Property Features for 608 E Pearl Street
General Information
Standard status
Active
Size
1,520 SF
Total Parking Spaces
40
Lot size
0.37 Acres
Property subtype
Commercial
Zoning
C-4
Additional Details
Conditioned Warehouse
No
Property Use
General Commercial
Taxes and HOA fees
Annual Taxes
$1,964
Building Details
Building Size
1,520 SF
Year Built
1985
Buildings
1
Units
1
Construction
concrete block
Listing Agency:
Century 21 Affiliated - Jackson
(517) 888-0050
Listed By:
ERIC ROPP · License #6502395717
(517) 392-8508
Source:
Housewant
Added: Jul 15
Changed: Oct 27
Last Checked: Oct 27 at 4:07AM
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 Century 21 Affiliated - Jackson
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Investment Insights
Based on property information with market context.
This 1,520-square-foot flex building in Jackson has concrete block construction, open workspace, a private office, and a bathroom. Heating is provided by natural gas forced air, with a separate wall furnace in the office. The covered dock area measures 344 square feet, is unconditioned, and is included in the building’s total area. Gravel parking is located at the front.
The sale includes a second parcel at 607 Detroit St, directly behind the building. Together, the parcels comprise approximately 0.37 acres; the rear parcel is 0.17 acres and has been used for semi-truck turnaround. The property is on Jackson’s east side, minutes from downtown and Henry Ford Jackson Hospital. C-4 zoning allows retail, office, and service uses. The property is being sold as-is.
The sale includes a second parcel at 607 Detroit St, directly behind the building. Together, the parcels comprise approximately 0.37 acres; the rear parcel is 0.17 acres and has been used for semi-truck turnaround. The property is on Jackson’s east side, minutes from downtown and Henry Ford Jackson Hospital. C-4 zoning allows retail, office, and service uses. The property is being sold as-is.
Key Highlights
- 1,520‑square‑foot concrete block flex building
- 344‑square‑foot covered, unconditioned dock area included in the total building area
- Sale includes the adjacent 0.17‑acre parcel at 607 Detroit St; approximately 0.37 acres combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,560
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,200
$211.2K
Cap Rate 7%
$150,857
$150.9K
Cap Rate 9%
$117,333
$117.3K
Market Conditions
NOI Build-Up for 1,520 SF
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 Rate 5%
$211,200
Cap Rate 7%
$150,857
Cap Rate 9%
$117,333
Alternative Uses
Best Use
Flex RnD
$204.0K
$178.5K – $238.0K
NOI $14,277 @ 7.0% cap · market cap 11.43%
Second Best
Industrial
$150.9K
$132.0K – $176.0K
NOI $10,560 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$242.6K
$212.3K – $283.1K
NOI $16,985 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,878
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Big Guy Catering LLC — 309 S Jackson St, Jackson, MI 49201
- CCC Catering — 209 E Washington St, Jackson, MI 49201
Frequently Asked Questions
What type of property is this?
Flex space - C-4 zoning accommodates a broad range of retail, office, and service uses in this Jackson commercial property.
Where is this flex space located?
The property is located at 608 E Pearl Street Jackson, MI.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 1,520‑square‑foot concrete block flex building; 344‑square‑foot covered, unconditioned dock area included in the total building area; Sale includes the adjacent 0.17‑acre parcel at 607 Detroit St; approximately 0.37 acres combined
