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    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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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
    2018
    2018
    $150,000
    1969
    Zoning & alternative use
    ML LIGH · Jackson, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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