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Financial
Distress signals
Property profile

221 W Prospect St Jackson, MI 49203

FOR SALE
Drive through restaurants
Property ID
US43-1661860
2,544 SF 0.3 ac lot
Last sale Apr 2011
Individually Owned Owner of record is an individual. 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$5k
Tax billed · 2022
Assessed value · 2023$106k
Effective rate4.60%

Value estimate

· Oct 2026
$285k
$257k – $314k
NOI build-up
Gross scheduled income$35k
Vacancy & credit loss−$3k
Operating expenses−$8k
NOI · 3.48% cap applied$24k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$89/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$32 – $142

Cap rate analysis

How does the asset earn?
3.48%
$24k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I-1
Sec. 28-46. - I-1 light industrial district. The light industrial district is designed to provide suitable space for industrial uses that...
General categoryINDUSTRIAL
JurisdictionJACKSON

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm25.2
Realty agency24.6
Restaurant22.2

Location

221 W Prospect St Jackson, MI 49203
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
711 Greenwood, Jackson, MI 49203-1703 $18,000 Mar 2025 2,838 SF
1508 1st, Jackson, MI 49203-4002 $25,000 Jun 2024 2,190 SF
1226 Mcdevitt, Jackson, MI 49203-6068 $125,000 Mar 2024 2,988 SF
803 Mcdevitt, Jackson, MI 49203-5968 $130,000 Jan 2023 2,560 SF
2000 Brooklyn, Jackson, MI 49203-4744 $335,000 Jan 2023 2,824 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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