Property profile

2418 Michigan Ave Jackson, MI 49202

OFF-MARKET
Retail space
Property ID
US43-0645366
24,626 SF 1.8 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 24,626 SF
Lot 1.8 ac (78,408 SF)
Zoning code C-2
APN 000-08-32-476-002-01
UPID US43-0645366

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Garden Center
  • Engraver
  • Car Dealership

Location

2418 Michigan Ave Jackson, MI 49202-3920
Jackson metro Census 5502 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
$1.27M
Blend (final) Blend
$555k

Owner & transaction history

since 2019
Last sale
$1.4M
4 recorded transactions
2019
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2 · Jackson, MI
Zoning description

Sec. 28-43. - C-2 community commercial district. The community commercial district is composed of certain land and structures used primarily to provide all types of "convenience goods," as described in the C-1 district,…

General category COMMERCIAL
Top alternative use upside
Restaurant $2.2M +1.0%

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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