232 Prospect St Jackson, MI 49203-4168
This prime commercial property at 232 W Prospect Street in Jackson, MI, presents a unique investment opportunity. The main retail unit, totaling 1,208 square feet, boasts a desirable layout perfect for a variety of businesses. It includes two executive offices, a reception area with a counter, a half bath, and substantial storage space. A second unit, also with two private offices and dual entrances, adds versatility and potential for expansion or separate leasing. Both units share access to secure fenced parking accommodating eight or more vehicles. Adding to the property's income potential is a separate, rented residential unit. This two-bedroom, one-bathroom home generates a consistent monthly rental income of $750. The property sits on a 0.28-acre lot in a high-traffic area, surrounded by complementary retail and dining establishments, ensuring excellent visibility and foot traffic. The asking price for this exceptional commercial property is $169,900. This combination of commercial and residential income streams makes it an attractive investment opportunity for discerning buyers seeking strong returns and a stable income stream. The property's location and features make it an ideal choice for entrepreneurs and investors alike.
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
I-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.