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Property summary
This exceptional 20,000 square foot retail property, located at 100 W Washington Avenue in Jackson, Michigan, presents a unique redevelopment opportunity. Built in 1900, this historic landmark boasts a rich past as a theater, library, and business school. The property currently features eight units and offers significant potential for mixed-use development. The 0.41-acre lot includes 30 on-site parking spaces, providing ample convenience for tenants and customers. A significant advantage is the ownership of an additional large parking lot across the street, capable of accommodating 20+ vehicles, offering further development potential. This prime downtown location is surrounded by major businesses, including the Consumers Energy World Headquarters and Henry Ford Health business offices, as well as a thriving collection of local shops, restaurants, and services. The property's central location within a revitalizing downtown Jackson makes it an ideal investment for those seeking a high-impact project in a dynamic urban setting. The asking price is $850,000. The building's existing square footage is approximately 15,840 square feet. This is a rare chance to acquire a piece of Jackson's history and shape its future.
Property profile
VerifiedCap rate & NOI
Current use
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Spa & Massage Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Sec. 28-44. - C-3 central commercial district. The central commercial district represents the focal point of the city's commercial, office and civic activity. It is designed to provide retailing, personal services, parki…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Jackson, MISec. 28-44. - C-3 central commercial district. The central commercial district represents the focal point of the city's commercial, office and civic activity. It is designed to provide retailing, personal services, parki…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Sec. 28-44. - C-3 central commercial district. The central commercial district represents the focal point of the city's commercial, office and civic activity. It is designed to provide retailing, personal services, parki…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Jackson, MI.
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