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Property profile

240 Watts Rd Jackson, MI 49203

FOR SALE
Manufacturing properties
Property ID
US43-1424863
3,804 SF 0.78 ac lot Built 2001
Entity Owned 2-yr Hold Free & Clear
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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

Location

240 Watts Rd Jackson, MI 49203
Jackson metro Census 6001 JACKSON, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$150k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

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

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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