Property profile

1601 Morrell St Jackson, MI 49203

OFF-MARKET
Grocery and convenience stores
Property ID
US43-1201814
2,240 SF 0.61 ac lot Built 1991
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1991
Total area 2,240 SF
Lot 0.61 ac (26,615 SF)
Zoning code C-2
APN 000-13-04-326-052-00
UPID US43-1201814

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Gas Station
  • Car Wash
  • Atm
  • Bank Credit Union

Location

1601 Morrell St Jackson, MI 49203-1442
Jackson metro Census 5301 JACKSON, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2019
$875,000
1969
Price N/A

Zoning & alternative use

C-2 · Jackson, MI
Zoning description

Sec. 28-43. - C-2 community commercial district. The community commercial district is composed of certain land and structures used primarily to provide all types of "convenience goods," as described in the C-1 district,…

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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