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    916-966 Ave Jackson, MI 49202

    For Lease
    $5 SF/Yr

    130,000 SF Power Center, 22,966 SF Vacant

    Lot size:
    130,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail investment opportunity encompasses a 130,000-square-foot power and strip center situated on a prominent 6.82-acre parcel in Jackson, Michigan. The property, located at 916-966 N W Ave, boasts a prime location on a major retail corridor, conveniently positioned just south of US-127 and I-94, ensuring high visibility and significant traffic flow. The center comprises two single-story buildings, constructed in 1960, and features a total of 14 suites. Currently, there is 22,966 square feet of vacant space available, presenting a unique chance for expansion or new tenancy. The property is classified as Class C and is zoned C-4, offering flexibility for a variety of retail uses. The address is further identified by its cross street, W. Argyle Street, and its zip code is 49202. This well-established center provides a strong foundation for growth and profitability within a thriving retail market. The property's size, location, and available space make it an attractive proposition for investors seeking a significant presence in Jackson County. The multiple tenancy structure offers diverse income streams and potential for long-term lease agreements. This is a rare opportunity to acquire a substantial retail property in a high-traffic area with significant upside potential.

    Property Features for 916-966 Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    130,000 SF
    Class
    C
    Total Rate
    54166.67

    Building Details

    Year Built
    1960
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 930
    Size
    16,700 SF
    Rate per SF
    $5

    HighLights

    • 130,000 SF power/strip center on 6.82 acres in Jackson, MI.
    • Prime location on major retail corridor, near US‑127 & I‑94.
    • 14 suites, 22,966 SF vacant space available.
    • Class C, C‑4 zoning.
    • High traffic counts and strong demographics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.424365
    Latitude
    42.2603734

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    FAQs

    What type of property is this?
    Neighborhood center - 130,000 SF Power Center, 22,966 SF Vacant
    Where is this neighborhood center located?
    The property is located at 916-966 Ave Jackson, MI.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 130,000 SF power/strip center on 6.82 acres in Jackson, MI.; Prime location on major retail corridor, near US-127 & I-94.; 14 suites, 22,966 SF vacant space available.
    Request Owner's contact information
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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
    916-966 Ave Jackson, MI 49202
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