108 Cooper St, Jackson, MI 49201
Exceptional 1.32-acre development opportunity in Jackson, MI's thriving business district, situated at the convergence of I-94 business loop, M-106, M-50, and US 127 business loops. This strategically located property offers significant mixed-use potential, encompassing apartments, banks, retail, commercial, office, medical facilities, convenience stores, or environmentally conscious businesses. Previously approved for a marijuana dispensary, the site benefits from its proximity to key landmarks, including the USA's second-oldest Amtrak train station, Consumers Energy headquarters, Henry Ford hospital, and the soon-to-open Commonwealth Associate Engineering. The vibrant surrounding area boasts established breweries like Brightwalls, Grand River, and OGMA, alongside numerous thriving businesses. The existing 3,672 square foot building, constructed in 1950, features a single story, frame/wood construction with vinyl and wood siding. Utilities include natural gas, public sewer, and public water. The asphalt and gravel driveway serves a currently 25% occupied convenience store, gas station, and shopping center. The property is zoned for commercial use and presents a compelling investment prospect for developers seeking a high-visibility location within a growing community. The asking price is $1,000,000. APN: 7-048000000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.