Property summary
This exceptional 37,944-square-foot industrial property, located at 1041 Hurst Road in Jackson, Michigan, presents a compelling investment opportunity. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $164,677, supported by a 100% occupancy rate. Currently leased to a single tenant under a seven-year NNN lease commencing August 2024, this asset offers predictable cash flow and long-term stability. Built in 1974 and extensively renovated in 2023, the building features a single story, 18-foot ceiling height, five loading docks, and one dock-high door. Recent improvements totaling $250,000 include LED lighting upgrades, new interior warehouse painting, new hardwood flooring in the office, new kitchen cabinets, exterior light replacement, and a power upgrade to 220V at each post. The property sits on over four acres of land, offering ample space and potential for future expansion. Its strategic location within one mile of the Jackson County Airport and directly adjacent to I-94 and M-60 provides excellent access to major transportation routes. The asking price is $2,058,000, translating to a price per square foot of $54.24. The property's parcel number is 000-08-31-304-006-00. This is a rare opportunity to acquire a high-performing industrial asset in a desirable location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Sec. 28-46. - I-1 light industrial district. The light industrial district is designed to provide suitable space for industrial uses that operate in a safe, nonobjectionable and efficient manner, and so require a minimum…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
I-1 · Jackson, MISec. 28-46. - I-1 light industrial district. The light industrial district is designed to provide suitable space for industrial uses that operate in a safe, nonobjectionable and efficient manner, and so require a minimum…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Sec. 28-46. - I-1 light industrial district. The light industrial district is designed to provide suitable space for industrial uses that operate in a safe, nonobjectionable and efficient manner, and so require a minimum…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Jackson, MI.
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