232 Prospect St Jackson, MI 49203-4168
Property profile & analytics
232 Prospect St, Jackson, MI 49203-4168
- Office buildings
- 560 SF
- 0.14 lot acres
Property ID
US43-1646339
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 232 Prospect St
- Lot size
- 0.14 lot acres
- Zone code
- I-1
- Property type
- Office buildings
- APN
- 4-186500000
- APU
- 4186500000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Jackson
- State
- Michigan
- Longitude
- -84.4106
- Latitude
- 42.2276
- CBSA code
- 27100
- CBSA name
- JACKSON, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,312
$0.00
$0.00
$29,600
-
$0.00
$0.00
$59,200
