Property profile

1240 Ave Jackson, MI 49203

OFF-MARKET
Grocery and convenience stores
Property ID
US43-0850790
1,653 SF 0.4 ac lot Built 1958
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1958
Total area 1,653 SF
Lot 0.4 ac (17,424 SF)
Zoning code C-1
APN 3-148400000
UPID US43-0850790

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1240 Ave Jackson, MI 49203-2959
Jackson metro Census 800 JACKSON, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2005
1 recorded transaction
2005
$290,000

Zoning & alternative use

C-1 · Jackson, MI
Zoning description

Sec. 28-42. - C-1 neighborhood commercial district. The neighborhood commercial district is established to service the daily and weekly household or personal needs of abutting residential neighborhoods. It permits the re…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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