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Property profile & analytics
OFF-MARKET Estimated value $475,000
Banks

245 Michigan Ave Jackson, MI 49201-2218

31,954 SF 0.3 ac lot Built 1940
Entity Owned 5-yr Hold Free & Clear
Property ID
US43-1562372
Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1940
Total area 31,954 SF
Lot 0.3 ac (13,068 SF)
Zoning code C-3
APN 4-014000000
UPID US43-1562372
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
Current use
Occupant on record · Public records
  • Commonwealth Associates, Inc. Engineering Consultant
  • Comerica 🏦 Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k
Owner & transaction history
Commonwealth Associates INC · 5 yrs held
Commonwealth Associates INC
since 2020
3 recorded transactions
2023
Price N/A
2021
Price N/A
2020
Price N/A
Zoning & alternative use
C-3 · Jackson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Sec. 28-44. - C-3 central commercial district. The central commercial district represents the focal point of the city's commercial, office and civic activity. It is designed to provide retailing, personal services, parking and business services for the entire urban area. The district also supports mixed use developments that include residences as well as com…

Zone name Central Commercial
General category COMMERCIAL
Zone area 137.60 ac
Source code of ordinances
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