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Property profile & analytics
FOR SALE
Manufacturing properties

240 Watts Rd Jackson, MI 49203

3,804 SF 0.78 ac lot Built 2001
Entity Owned 2-yr Hold Free & Clear
Property ID
US43-1424863
Property summary
AI-generated overview

This 3,804-square-foot storefront in Jackson, Michigan, presents a unique investment opportunity. Situated on a 0.78-acre lot, the property boasts a versatile history, previously used for light manufacturing and currently undergoing conversion into a medical grow facility. Approximately 2,000 square feet are already renovated, with an additional 1,200 square feet under renovation. The existing build-out includes infrastructure for substantial cannabis cultivation, capable of supporting up to 1,500 plants per crop, complete with an on-site drying facility. High-quality features include polyaspartic flooring, a reverse osmosis system with a 750-gallon water tank, nutrient tanks, an irrigation pump system, and a full bath. Climate control is ensured with two 5-ton AC units and two dehumidifiers. Security measures are in place with security cameras and a chain-link fence with an electric gate. The property's zoning allows for various uses, including manufacturing, certain businesses, or industrial applications, in addition to its current cannabis-related permits. The ample lot size offers significant expansion potential, allowing for up to 20,000 square feet of additional grow space. Convenient access to major highways and a supportive community further enhances its appeal. Built in 2001, this single-story building is priced at $275,000, or $118.39 per square foot. This property is ideally suited for entrepreneurs seeking a ready-to-use or easily adaptable space in a prime Jackson location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2001
Total area 3,804 SF
Lot 0.78 ac (34,107 SF)
Zoning code ML LIGH
APN 000-09-31-402-002-00
UPID US43-1424863
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
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by Request
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Owner & transaction history
Elsm Holdings LLC · 2 yrs held
Elsm Holdings LLC
since 2024
Last sale
$150,000
5 recorded transactions
2024
$196,991
2022
Price N/A
2018
Price N/A
2018
$150,000
1969
Price N/A
Zoning & alternative use
ML LIGH · Jackson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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