2999 Michigan Ave Jackson, MI 49202-1805
Property profile & analytics
2999 Michigan Ave Jackson, MI 49202-1805
- Auto shops
- 28,100 SF
- 9.30 lot acres
Property ID
US43-1706930
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Tripp's Collision - Jackson / Auto Repair Shop
Property Details for 2999 Michigan Ave
- Year built
- 1952
- Lot size
- 9.30 lot acres
- Property size
- 28,100 SF
- Zone code
- I-2
- Property type
- Auto shops
- APN
- 000-08-32-402-002-02
- APU
- 83240200202
Description
This exceptional investment opportunity presents a 26,900-square-foot auto repair shop located at 2999 W Michigan Ave, Jackson, MI 49202. The property sits on a 9.3-acre lot and is zoned I-2. The offering includes a fee-simple ownership of four buildings with a new 10-year net lease (NN+) to CollisionRight, LLC, a leading consolidator of automotive collision repair shops in the United States. The lease commenced September 6th, 2024, and expires September 30th, 2034, with two, five-year renewal options. The lease features attractive 2% annual rent bumps, ensuring consistent income growth. The current Net Operating Income (NOI) is $262,699, resulting in a 7.50% capitalization rate. The asking price is $3,502,656. The property benefits from a strong location on Michigan Ave, near Jackson Airport, within a densely populated area with over 73,000 residents and 30,000 households within a 5-mile radius, boasting a median household income exceeding $66,000. This presents a compelling investment opportunity with a stable, high-growth tenant and significant upside potential. The property is ideally suited for investors seeking a secure, long-term net lease investment with built-in rent increases.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,005,000
- AI Estimate
- $1,005,000
Market price range: $965k - $2.88MMarket price range: $965k - $2.88M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,580,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Jackson
- State
- Michigan
- Longitude
- -84.4521
- Latitude
- 42.2496
- CBSA code
- 27100
- CBSA name
- JACKSON, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$22,075
$0.00
$0.00
$414,000
-
$0.00
$0.00
$828,000
