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Property profile & analytics
OFF-MARKET
Office buildings

232 Prospect St Jackson, MI 49203-4168

560 SF 0.14 ac lot
Individually Owned Free & Clear
Property ID
US43-1646339
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 560 SF
Lot 0.14 ac (6,098 SF)
Zoning code I-1
APN 4-186500000
UPID US43-1646339
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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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Terry Thomas
Terry Thomas
since 2025
Last sale
$85,000
4 recorded transactions
2025
$85,000
2022
Price N/A
2012
Price N/A
2012
$20,000
Zoning & alternative use
I-1 · Jackson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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