Technical
Financial
Distress signals
Property profile

232 Prospect St Jackson, MI 49203

OFF-MARKET
Office buildings
Property ID
US43-1646339
560 SF 0.14 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

This commercial property consists of two fully separated levels designed to function independently. The main level is approximately 513 square feet and includes a reception area, two private offices, a restroom, and an open workspace; the layout supports office use as well as potential uses such as boutique retail, a salon, or consulting services. The lower level is approximately 369 square feet and includes two flexible rooms, a full bathroom, and utility/storage space, with private side and rear entrances. Both levels have private access, each includes a dedicated restroom, and both offer adaptable interior layouts. The property is equipped with central air and features updated mechanical systems. The site includes paved access and has a lot size of 0.14 acres, with a total interior area of approximately 1,026 square feet.

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

Location

232 Prospect St Jackson, MI 49203-4168
Jackson metro Census 1300 JACKSON, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

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
Zoning description

Sec. 28-46. - I-1 light industrial district. The light industrial district is designed to provide suitable space for industrial uses that operate in a safe, nonobjectionable and efficient manner, and so require a minimum…

General category INDUSTRIAL

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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