Property profile

132 Cortland Ave Jackson, MI 49201

OFF-MARKET
Outlet malls
Property ID
US43-1021416
8,712 SF 0.2 ac lot
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Total area 8,712 SF
Lot 0.2 ac (8,712 SF)
Zoning code C-3
APN 4-002400000
UPID US43-1021416

Cap rate & NOI

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

Location

132 Cortland Ave Jackson, MI 49201-2208
Jackson metro Census 600 JACKSON, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$633k
Blend (final) Blend
$295k

Owner & transaction history

Zoning & alternative use

C-3 · Jackson, MI
Zoning description

Sec. 28-44. - C-3 central commercial district. The central commercial district represents the focal point of the city's commercial, office and civic activity. It is designed to provide retailing, personal services, parki…

General category COMMERCIAL
Top alternative use upside
Restaurant $775,000 +24.0%
Medical building $735,000 +17.6%

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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