Property profile

148 Cortland St Jackson, MI 49201

OFF-MARKET
Retail properties & Spaces
6,812 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,812 SF

Cap rate & NOI

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

Location

148 Cortland St Jackson, MI 49201
Jackson metro
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Value estimations

Realmo proprietary · 4 methods
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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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