203 Ave Jackson, MI 49201
- Specialty properties
- 8,075 SF
- 0.39 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 203 Ave
- Year built
- 1946
- Lot size
- 0.39 lot acres
- Property size
- 8,075 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Jackson
- State
- Michigan
- Longitude
- -84.4228
- Latitude
- 42.2463
