1650 Michigan Ave, Jackson, MI 49202-4065
This exceptional 2,692 square foot retail space, formerly a bank branch, presents a unique investment opportunity in Jackson, Michigan. Located at 1650 W Michigan Ave, this single-story, Class B building sits on a 0.48-acre lot (APN: 000-08-33-376-001-00) and boasts a highly desirable location between Walmart and McDonald's, providing excellent visibility and accessibility. The property, built in 1992 and extensively renovated in 2022, offers 2,457 square feet of net rentable space, currently vacant, and is zoned for Planned Commercial District (PC-1). Its strategic placement at the entrance to Westwood Mall, directly across from McDonald's with its two-lane drive-thru and ATM lane, ensures high foot traffic and potential for significant customer engagement. The asking price is $450,000 ($167.16/sq ft). Note that Old National Bank currently leases space for an ATM, generating monthly rental income. This property is ideal for a variety of retail uses and represents a strong investment in a thriving commercial area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PC-1 · Jackson, MIJackson. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.