Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1210 Michigan Ave Jackson, MI 49201
    Back to Search
    Property profile & analytics

    1210 Michigan Ave, Jackson, MI 49201

    View on Map
    • Schools
    • 124,000 SF
    • 4.89 lot acres
    Off-Market
    Property ID
    US43-1816464
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Schools

    Property Details for 1210 Michigan Ave

    Year built
    1918
    Lot size
    4.89 lot acres
    Property type
    Schools
    Property subtype
    Churches & religious facilities

    Description

    This exceptional 4.89-acre property in Jackson, Michigan, presents a unique redevelopment opportunity. The former Ethnos360 campus comprises eight buildings totaling 124,000 square feet, including a primary three-story structure built in 1918 with multiple renovations. The property features a large auditorium (nearly 400-person capacity), a commercial kitchen and dining area, 16 second-floor and 23 third-floor dormitories, a former indoor basketball court and pool (now a weight room), ample classroom space, administrative offices, shop and utility areas, and a 13,400 square foot basement. Seven detached homes are included, along with a courtyard, playground, and 120 surface parking spaces. The property is currently vacant and zoned R-2, offering flexibility for various uses. The site boasts two dock-high doors and ceiling heights ranging from 8 to 12 feet. This prime location is eligible for New Market Tax Credits and benefits from various local, state, and federal incentive programs, including those available through the City of Jackson's Core Community designation under Michigan Act 381. This includes expanded use of Brownfield Redevelopment tools, Neighborhood Enterprise Zones, Obsolete Property Rehabilitation Exemptions, and MEDC Community Revitalization Grants and Loans. The asking price is $2,799,999 ($22.58/sq ft). This is an ideal site for innovative education, senior living, residential development, or adaptive reuse.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.390068716161
    Latitude
    42.250297370666

    Comparable in this City

    • Contact for pricing
      32,419 SF

      Downtown Jackson Church For Sale

      30,000 SF church in downtown Jackson, C3 zoning.
      201 S Jackson St, Jackson, MI 49201
      View Details
    • $799,000

      Downtown Jackson Dual-Asset Portfolio

      Historic building and development lot in downtown Jackson.
      100 W Washington Ave, Jackson, MI 49201
      View Details
    • Contact for pricing
      20,400 SF

      Mixed-Use Property Near Transportation Hub

      Versatile commercial property with development potential near key amenities.
      409-429 Hupp Ave, Jackson, MI 49201
      View Details
    • New
      $4,100,000
      41,776 SF

      Office and Lab Facility on Acreage

      Versatile corporate headquarters with dock, backup generator, and strong flexibility for office, medical, or lab users.
      3000 Blake Rd, Jackson, MI 49201
      View Details
    • $799,000
      15,840 SF

      Downtown Jackson Dual-Asset Portfolio

      Historic building with development lot in downtown Jackson, Michigan.
      100 W Washington Ave, Jackson, MI 49201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      32,419 SF

      Downtown Jackson Church For Sale

      30,000 SF church in downtown Jackson, C3 zoning.
      201 S Jackson St, Jackson, MI 49201
      View Details
    • $799,000

      Downtown Jackson Dual-Asset Portfolio

      Historic building and development lot in downtown Jackson.
      100 W Washington Ave, Jackson, MI 49201
      View Details
    • Contact for pricing
      20,400 SF

      Mixed-Use Property Near Transportation Hub

      Versatile commercial property with development potential near key amenities.
      409-429 Hupp Ave, Jackson, MI 49201
      View Details
    • New
      $4,100,000
      41,776 SF

      Office and Lab Facility on Acreage

      Versatile corporate headquarters with dock, backup generator, and strong flexibility for office, medical, or lab users.
      3000 Blake Rd, Jackson, MI 49201
      View Details
    • $799,000
      15,840 SF

      Downtown Jackson Dual-Asset Portfolio

      Historic building with development lot in downtown Jackson, Michigan.
      100 W Washington Ave, Jackson, MI 49201
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      1,600 SF

      Renovated Commercial Suite in Jackson

      Move-in ready commercial suite in Jackson's central business district.
      300 W Washington Ave, Jackson, MI 49201
      View Details
    • $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
    • $28 SF/Yr

      Downtown Jackson Office Space Available

      Office suites available in downtown Jackson, ranging from 150+ sqft.
      209 E Washington Ave, Jackson, MI 49201
      View Details
    • $10 SF/Yr
      230,432 SF

      Commercial Space in Jackson, MI

      Commercial property available for lease in Jackson, Michigan.
      209 E Washington Ave, Jackson, MI 49201
      View Details
    • $2,155,328
      10,640 SF

      New Dollar General Store

      New Dollar General store in Jackson, Michigan, opened in 2025.
      7519 E Michigan Ave, 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.
    1210 Michigan Ave
    Jackson, 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

    Thank You for Inquiry
    1210 Michigan Ave, Jackson, MI, 49201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!