148 Cortland St, Jackson, MI 49201
This exceptional 6,812-square-foot commercial property, located at 148 E Cortland St in downtown Jackson, Michigan, presents a unique investment opportunity. Currently vacant, this building sits on a 0.18-acre lot and is ideally suited for a bar, restaurant, or storefront operation. The property boasts a Class C liquor license, a significant asset for prospective buyers. Its strategic location in the heart of downtown Jackson offers excellent visibility and accessibility, further enhanced by its convenient proximity to I-94. The building is zoned C-3 – Central Commercial, allowing for a variety of uses. The asking price is $499,000, translating to a price per square foot of $73.25. The property consists of six units and is offered with a gross lease type. Importantly, this sale includes available grants and tax incentives, making it an even more attractive proposition. This is a rare chance to acquire a substantial commercial space in a thriving downtown area with significant potential for growth and profitability. The property is currently vacant, offering immediate occupancy for the new owner. Don't miss this opportunity to establish your business in a prime Jackson location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.