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    FOR SALE
    Bars & Pubs

    100 W Washington Ave, Jackson, MI 49201

    8,976 SF 0.14 ac lot Built 1903
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1050247
    Property summary
    AI-generated overview

    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
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1903
    Total area 8,976 SF
    Lot 0.14 ac (5,924 SF)
    Zoning code C-3
    APN 5-003200000
    UPID US43-1050247
    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
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    by Request
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    Owner & transaction history
    101 Washington LLC · 4 yrs held
    101 Washington LLC
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    C-3 · Jackson, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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