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    1514 West Ave Jackson, MI 49202

    Sponsored
    For Sale
    $1,779,140

    High-Yield Storefront, Excellent Location

    Property size:
    7,736 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail investment opportunity presents a fee-simple ownership of a 7,736 square-foot storefront building situated on a 0.59-acre lot in Jackson, Michigan. Currently 100% occupied by American Mattress under a NNN lease with a 5-year term expiring January 30, 2030, the property boasts a strong net operating income (NOI) of $145,000, translating to an attractive 8.15% cap rate. The asking price is $1,779,140, representing a price per square foot just under $230. The property benefits from a prime location on the pad of a Target store, enjoying exceptional visibility and accessibility from N. West Avenue (US-127), a major retail thoroughfare in Jackson. This high-traffic corridor is anchored by numerous national retailers, including Home Depot, Kroger, Lowe's, Kohl's, T.J. Maxx, Best Buy, Ross Dress for Less, Hobby Lobby, and Dunham's, among others. The area also features a diverse range of food establishments such as Panera Bread, Panda Express, Starbucks, and a Chick-fil-A (currently under construction). The lease includes a 2% annual rent increase throughout the initial term and option periods, providing consistent income growth. The building itself offers convenient access with two points of ingress and egress, and boasts up to 100 feet of frontage on N. West Avenue, a road with over 15,000 vehicles per day. This property represents a compelling investment opportunity with strong tenant occupancy, a desirable location, and significant upside potential.

    Property Features for 1514 West Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,736 SF
    Lot Size
    25,875 SF

    HighLights

    • Offered below replacement cost at under $230 per square foot.
    • NNN lease with 2% annual rent increases.
    • Prime location on N. West Avenue (US‑127), Jackson, MI's dominant retail corridor, with strong national co‑tenancy including Target, Kroger, Home Depot, and more.
    • Excellent visibility and access; 100 feet of frontage on N. West Avenue (15,000+ VPD), with two points of ingress/egress.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.42352215
    Latitude
    42.26686131

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Storefront, Excellent Location
    Where is this individual retail property located?
    The property is located at 1514 West Ave Jackson, MI.
    What is the asking price?
    The asking price for this property is $1,779,140.
    What are key features of this property?
    This property features: Offered below replacement cost at under $230 per square foot.; NNN lease with 2% annual rent increases.; Prime location on N. West Avenue (US-127), Jackson, MI's dominant retail corridor, with strong national co-tenancy including Target, Kroger, Home Depot, and more.
    Request Owner's contact information
    1514 West Ave Jackson, MI 49202
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    Jackson, MI 49202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1514 West Ave Jackson, MI 49202
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