Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    42.276260 -84.314172 Blackman, MI 49201

    • Land
    • 1.77 lot acres
    For Sale
    View listing
    $550,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 42.276260 -84.314172

    Lot size
    1.77 lot acres
    Property type
    Land

    Description

    This exceptional 1.77-acre commercial land parcel presents a prime retail development opportunity in Jackson, Michigan. Strategically located on Ann Arbor Road, this property boasts convenient freeway access to I-94, placing it within a high-traffic corridor. The B-5 zoning permits a variety of retail uses, including drive-thrus, making it ideal for fast-food restaurants or similar businesses. The site benefits from its proximity to established national tenants such as Dollar General, McDonald's, Dunkin' Donuts, and Wendy's, ensuring high visibility and strong consumer traffic. Situated on the morning side of the road leading to the freeway, this location offers excellent exposure to commuters. The property is located in Leoni Township and has a zip code of 49201. The asking price for this exceptional opportunity is $550,000, translating to approximately $310,734.46 per acre. This represents a significant investment potential in a thriving retail market. The property's location and zoning make it an attractive option for developers seeking a high-impact commercial development site. Don't miss this chance to acquire a highly desirable parcel in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blackman
    County
    State
    Michigan
    Longitude
    -84.3752
    Latitude
    42.3151

    Comparable in this City

    • Value Estimation by Request
      57.40 Acres

      Elm Ave

      Land • 57.40 Acres
      0 Elm Ave, Jackson, MI 49201
      View Details
    • Value Estimation by Request
      11.84 Acres

      Elm Jackson Michigan

      Land • 11.84 Acres
      0 Elm Jackson Michigan, Jackson, MI 49201
      View Details
    • Value Estimation by Request
      2.80 Acres

      Blake Rd

      Land • 2.80 Acres
      0 Blake Rd, Jackson, MI 49201
      View Details
    • Value Estimation by Request
      8.47 Acres

      5472 Meridian Rd

      Self storage facilities • 8.47 Acres
      5472 Meridian Rd, Jackson, MI 49201
      View Details
    • Value Estimation by Request
      200.00 Acres

      5400 Lahinch Rd

      Land • 200.00 Acres
      5400 Lahinch Rd, Blackman, MI 49201
      View Details
    • Value Estimation by Request
      105.50 Acres

      Meridian Rd

      Farms • 105.50 Acres
      0 Meridian Rd, Jackson, MI 49201
      View Details

    Similar Nearby for Sale

    • $1,250,000
      8.47 Acres

      I-127 Frontage Commercial Land

      8.47 Acres, High Traffic, Redevelopment
      5472 Meridian Rd, Jackson, MI 49201
      View Details
    • $550,000
      1.77 Acres

      Jackson Commercial Land: Prime Retail Site

      1.77 Acres, B-5 Zoning, I-94 Access
      0 42.276260 -84.314172, Blackman, MI 49201
      View Details
    • $75,000
      1.57 Acres

      Commercial Land in Jackson, MI

      1.57 acre commercial land for sale in Jackson, MI.
      750 W Michigan Ave, Jackson, MI 49201
      View Details
    • $3,999,999
      109.37 Acres

      109-Acre Land Parcel, Jackson, MI

      Large acreage available in Jackson, Michigan for development.
      2640 Seymour Rd, Jackson, MI 49201
      View Details
    • New
      $50,000
      2.23 Acres

      Land For Sale Jackson, MI

      2.23 acre land parcel available in Jackson, Michigan.
      3099 W Kimmel Rd, Jackson, MI 49201
      View Details
    • $150,000
      1.29 Acres

      Waterfront Land on Chain Lakes

      Acreage on Little Olcott Lake with access to ten lakes.
      7640 Napoleon Rd, Jackson, MI 49201
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo
      2,126 SF

      Prime Office Space For Lease

      Spacious office building in highly visible location, perfect for business.
      3600 Spring Arbor Rd, Jackson, MI 49201
      View Details
    • $850 /Mo
      10,992 SF

      Jackson Office Space For Rent

      Office space available for lease in Jackson, Michigan.
      632 E Michigan Ave, Jackson, MI 49201
      View Details
    • $10 SF/Yr
      28,000 SF

      Professional Office Space Available

      Centrally located office space with customizable build-out options.
      744 W Michigan Ave, Jackson, MI 49201
      View Details
    • $495 /Mo
      10,992 SF

      Downtown Jackson Office Space Available

      Prime office space in downtown Jackson with on-site parking.
      636 E Michigan Ave, Jackson, MI 49201
      View Details
    • $10 SF/Yr
      400,000 SF

      Downtown Jackson Office Space Available

      Well-maintained office building with suites ranging from 150 to 2000+ sqft.
      209 E Washington Ave, Jackson, MI 49201
      View Details
    • New
      $11 SF/Yr
      3,166 SF

      Downtown Jackson Commercial Space Available

      3,166 sq ft commercial space in downtown Jackson for lease.
      132 W Cortland St, Jackson, MI 49201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    42.276260 -84.314172
    Blackman, MI 49201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.