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    844 Barrett Ave, Jackson, MI 49202

    1,500 SF 2.65 ac lot Built 1960
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.65-acre property located at 844 Barrett in Jackson, Michigan, presents a unique investment opportunity. The existing structures on the site, totaling 1,500 square feet, are considered obsolete and demolition is likely the highest and best use. This allows for the development of a new commercial project tailored to the specific needs of the buyer. The expansive lot offers significant potential for a variety of commercial ventures, from retail and office spaces to light industrial uses. The property's prime location in Jackson provides excellent visibility and accessibility, ensuring strong potential for attracting customers and clients. The substantial acreage provides ample space for parking, landscaping, and future expansion. This is a blank canvas for a developer seeking to create a modern and impactful commercial presence in a thriving Michigan market. The asking price is $2,999,999. Given the size of the lot and the potential for redevelopment, this represents a significant opportunity for substantial return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional property. The property is zoned for commercial use. Further due diligence is recommended to confirm zoning and development regulations.

    Property profile
    Verified
    Property type Investment properties
    Year built 1960
    Total area 1,500 SF
    Lot 2.65 ac (115,434 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
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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