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Property profile

409 Hupp Ave Jackson, MI 49203

OFF-MARKET
Warehouses
20,400 SF 1.41 ac lot Built 1918
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Property summary

AI-generated overview

This exceptional mixed-use property in Jackson, MI, presents a unique investment opportunity. Encompassing two buildings totaling 20,400 square feet on a 1.41-acre lot, this property offers diverse income streams and significant redevelopment potential. Currently featuring a creative office space and a restaurant, the buildings boast 72 parking spaces and are situated across from the railroad station and a block from the hospital. The property includes three parcels, with one building currently occupied under a two-year lease with a 60-day termination clause. The 1918-built structures are two stories each, and the 409 Hupp Ave building has undergone significant updates in 2014, including a new furnace, plumbing, electrical, lighting, and air conditioning. The property is zoned I-1 and benefits from its location along the Grand River, where a planned MDOT walking path is slated for completion in 2025. This prime location offers easy access to Ann Arbor (40 minutes) and Lansing (30 minutes). The asking price is $949,900, representing a price per square foot of $46.56. The property's current 100% occupancy and NNN lease structure provide immediate cash flow. Prospective buyers are encouraged to contact City Zoning to discuss future development plans. This is a rare opportunity to acquire a substantial mixed-use property in a growing Michigan community.

Property profile

Verified
Property type Warehouses
Year built 1918
Total area 20,400 SF
Lot 1.41 ac (61,420 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

409 Hupp Ave Jackson, MI 49203
Jackson metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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