Property profile

1948 Lansing Ave Jackson, MI 49202

OFF-MARKET
Retail space
Property ID
US43-4499035
2,214 SF 0.57 ac lot
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a retail site in Blackman Township/Jackson, Michigan, located with convenient access to Highways 127 and 94. It consists of a main level with more than 2,200 square feet of open space and a lower walk-out level with an additional 2,200 square feet, for a total footprint suitable for flexible layout uses. The site covers 0.57 acres (more than half an acre) and includes ample on-site parking. The property is zoned C-2, supporting a wide range of potential commercial uses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 2,214 SF
Lot 0.57 ac (24,960 SF)
Zoning code C-2
APN 000-08-27-156-014-02
UPID US43-4499035

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
  • (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Location

1948 Lansing Ave Jackson, MI 49202-2158
Jackson metro Census 5700 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
$175k

Owner & transaction history

since 2017
6 recorded transactions
2017
$71,000
2012
Price N/A
2008
$3,477
2005
Price N/A
2005
$55,000
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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