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    OFF-MARKET
    Banks

    1650 Michigan Ave, Jackson, MI 49202-4065

    2,692 SF 0.48 ac lot Built 1972
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-0883075
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1972
    Total area 2,692 SF
    Lot 0.48 ac (20,909 SF)
    Zoning code PC-1
    APN 000-08-33-376-001-00
    UPID US43-0883075
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Thai Nguyen · 1 yrs held
    Thai Nguyen
    since 2025
    Last sale
    $375,000
    3 recorded transactions
    2025
    $375,000
    2021
    $85,000
    2013
    Zoning & alternative use
    PC-1 · Jackson, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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