1210 Michigan Ave Jackson, MI 49201
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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