Mixed-Use Property with
For Sale
Contact for pricing
812 N Blackstone St, Jackson, MI 49202
Two-level layout includes separate utilities, an existing upper-floor apartment, and a main-floor space that can remain commercial.
Property Size3,680 SF
Price / SF$8.13
Days on Market59
Property Features for 812 N Blackstone St
General Information
Standard status
Active
Size
3,680 SF
Property subtype
Residential Income
Zoning
mixed use
Property Condition
Severity
Repairs Needed
Evidence
needs TLC
Additional Details
Utilities to Site
Yes
Multifamily Units
1
Building Details
Buildings
1
Listing Agency:
RE/MAX Real Estate Professionals
(517) 321-8255
Listed By:
MacIntyre & Cowen Team
(517) 525-2206
Source:
Exprealty
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 30 at 2:54PM
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 RE/MAX Real Estate Professionals
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Investment Insights
Based on property information with market context.
Located at 812 N Blackstone St in Jackson, Michigan, this 3,680-square-foot mixed-use property includes an apartment on the upper level and an open main floor formerly used as a bar. The main floor is served by a new furnace and central air conditioning, while each level has separate utilities. A rear second-floor entrance may accommodate shared laundry, subject to final planning and installation.
The property is zoned mixed use and includes parking for more than 10 vehicles, along with an additional grassy lot. The City has indicated a preference for conversion to a duplex, while the main floor may also remain commercial. The building requires TLC and offers a flexible two-level configuration for continued mixed-use occupancy or future residential conversion, subject to applicable approvals.
The property is zoned mixed use and includes parking for more than 10 vehicles, along with an additional grassy lot. The City has indicated a preference for conversion to a duplex, while the main floor may also remain commercial. The building requires TLC and offers a flexible two-level configuration for continued mixed-use occupancy or future residential conversion, subject to applicable approvals.
Key Highlights
- 3,680‑square‑foot mixed‑use property at 812 N Blackstone St, Jackson, MI
- Upper level includes an existing apartment
- Main floor is an open‑concept space formerly used as a bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,831
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,620
$456.6K
Cap Rate 7%
$326,157
$326.2K
Cap Rate 9%
$253,678
$253.7K
Market Conditions
NOI Build-Up for 3,680 SF
Gross rent
$44.2K $12.00/SF
− Vacancy
−$2.6K −$0.72/SF
EGI
$41.5K $11.28/SF
− OpEx
−$18.7K −$5.08/SF
NOI
$22.8K $6.20/SF
Area
Jackson County, MI
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,620
Cap Rate 7%
$326,157
Cap Rate 9%
$253,678
Alternative Uses
Best Use
Mixed Use
$435.7K
$381.2K – $508.3K
NOI $30,498 @ 7.0% cap · market cap 102.00%
Second Best
Apartment 5plus
$326.2K
$285.4K – $380.5K
NOI $22,831 @ 7.0% cap · market cap 76.36%
Theoretical Best
Office A
$587.5K
$514.0K – $685.4K
NOI $41,122 @ 7.0% cap · market cap 137.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level layout includes separate utilities, an existing upper-floor apartment, and a main-floor space that can remain commercial.
Where is this mixed-use property located?
The property is located at 812 N Blackstone St Jackson, MI.
What are key features of this property?
This property features: 3,680‑square‑foot mixed‑use property at 812 N Blackstone St, Jackson, MI; Upper level includes an existing apartment; Main floor is an open‑concept space formerly used as a bar
