Restaurant Building with Pizza
New
For Sale
$325,000
800 W Franklin St, Jackson, MI 49203
An equipped pizza kitchen, dedicated parking and prominent signage support customer-facing commercial operations.
Property Size1,884 SF
Lot Size0.30 Acres
Price / SF$172.51
Days on Market6
Property Features for 800 W Franklin St
General Information
Standard status
Active
Size
1,884 SF
Total Parking Spaces
15
Lot size
0.30 Acres
Property subtype
Retail
Zoning
C-2
Site & Location
Corner Location
Yes
Traffic Count
11,159 vehicles/day
Road Access
Yes
Amenities
fully equipped pizza kitchen
Building Details
Building Size
1,884 SF
Year Built
1957
Buildings
1
Listing Agency:
Colliers Lansing
Listed By:
Shawn H. O'Brien · License #6502358107
(517) 303-5554
Source:
Cpix.resimplifi
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 2:59PM
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 Colliers Lansing
Investment Insights
Based on property information with market context.
This 1,884 SF restaurant building occupies a 0.30-acre site and includes a fully equipped pizza kitchen, dedicated parking and prominent signage. Built in 1957, the property is zoned C-2 and sits at a signalized corner intersection. Access is available from both West Avenue and Franklin Street.
The site is approximately 1.5 miles from Downtown Jackson and the Amtrak Station. S. West Avenue traffic counts range from 10,758 to 11,159 vehicles per day. The existing kitchen equipment and on-site features provide a functional setup for restaurant operations.
The site is approximately 1.5 miles from Downtown Jackson and the Amtrak Station. S. West Avenue traffic counts range from 10,758 to 11,159 vehicles per day. The existing kitchen equipment and on-site features provide a functional setup for restaurant operations.
Key Highlights
- 1,884 SF building on 0.30 acres
- Fully equipped pizza kitchen
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,900
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,000
$358.0K
Cap Rate 7%
$255,714
$255.7K
Cap Rate 9%
$198,889
$198.9K
Market Conditions
NOI Build-Up for 1,884 SF
Gross rent
$26.0K $13.80/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$23.9K $12.67/SF
− OpEx
−$6.0K −$3.17/SF
NOI
$17.9K $9.50/SF
Area
Jackson County, MI
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,000
Cap Rate 7%
$255,714
Cap Rate 9%
$198,889
Alternative Uses
Best Use
Specialty Retail
$255.7K
$223.8K – $298.3K
NOI $17,900 @ 7.0% cap · market cap 5.51%
Second Best
Retail
$185.6K
$162.4K – $216.6K
NOI $12,993 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$300.8K
$263.2K – $350.9K
NOI $21,053 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
11,159 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
10,479 visits/mo
0.4 miles
Valvoline Instant Oil Change
Shops & Services
2,796 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - An equipped pizza kitchen, dedicated parking and prominent signage support customer-facing commercial operations.
Where is this conventional restaurant located?
The property is located at 800 W Franklin St Jackson, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,884 SF building on 0.30 acres; Fully equipped pizza kitchen; C‑2 zoning
