Property profile

3021 E Michigan Ave Jackson, MI 49202

FOR SALE
Grocery and convenience stores
Property ID
US43-0894876
55,209 SF 5.67 ac lot Built 1978
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity presents 12,000 square feet of vacant space within the East Jackson Center, a multi-tenant shopping center located at 3021 E. Michigan Avenue in Jackson, Michigan, 49202. Situated in Jackson County, this property offers a highly visible location with ample parking for customers. The center provides flexible space options, with a minimum divisible unit of 2,000 square feet and a maximum contiguous space of 10,000 square feet, catering to a variety of retail businesses. The property boasts a total of 250 parking spaces, ensuring convenient access for shoppers. The building's total square footage is 12,000 square feet, currently all available for lease. This presents a unique chance to establish a significant retail presence in a well-established shopping center within a thriving community. The property is classified as a retail shopping center and is ideally suited for businesses seeking high visibility and convenient access for their customers. The address is easily accessible from East Michigan Avenue, providing excellent exposure to high traffic volume. This is a turnkey opportunity for immediate occupancy. Contact us today to learn more about leasing this prime retail space.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1978
Total area 55,209 SF
Lot 5.67 ac (246,985 SF)
Zoning code C-2
APN 000-08-36-280-006-01
UPID US43-0894876

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
  • Bank Credit Union
  • Specialty Food Shop Supermarket

Location

3021 E Michigan Ave Jackson, MI 49202
Jackson metro Census 5900 JACKSON, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.86M
Comparable Approach Comparable
$4.87M
Blend (final) Blend
$5.50M

Owner & transaction history

since 2022
Last sale
$5.5M
5 recorded transactions
2022
$5.5M
2021
Price N/A
2020
Price N/A
2020
$1.1M
2008
$3.2M

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 $4.9M +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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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