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Property profile & analytics
OFF-MARKET
Specialty properties

203 Ave Jackson, MI 49201

8,075 SF 0.39 ac lot Built 1946
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property in Jackson, Michigan, presents a unique investment opportunity. Located at 203 S W Ave, this fee-simple building boasts 8,075 square feet of net rentable space, currently at 100% occupancy. The building, constructed in 1946 and renovated in 1987, features a blend of medical office and storefront space, ideal for a variety of uses. The property includes four bedrooms, potentially configurable into two to three apartments, adding significant rental income potential. Further enhancing its appeal are an attached two-car garage and an indoor swimming pool. Situated on a 0.392-acre lot zoned R-4, this two-story building offers substantial potential. The property also benefits from significant air rights, totaling 17,500 square feet, allowing for future expansion or development. Its convenient location near the corner of West Ave and Michigan Ave, just blocks from downtown Jackson, ensures high visibility and accessibility. The asking price is $310,000 ($38.39/sq ft), and land contract terms are available to qualified buyers. The property's APN is 3-028200000. This versatile property offers endless possibilities for both investors and owner-occupiers seeking a prime location in a thriving Michigan community.

Property profile
Verified
Property type Specialty properties
Year built 1946
Total area 8,075 SF
Lot 0.39 ac (17,076 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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