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    FOR SALE
    Grocery and convenience stores

    3021 E Michigan Ave, Jackson, MI 49202

    55,209 SF 5.67 ac lot Built 1978
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0894876
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Western Union Bank Credit Union
    • ALDI Specialty Food Shop Supermarket
    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
    Wall Street Partners LP · 3 yrs held
    Wall Street Partners LP
    since 2022
    Last sale
    $5.5M
    5 recorded transactions
    2022
    $5.5M
    2021
    2020
    2020
    $1.1M
    2008
    $3.2M
    Zoning & alternative use
    C-2 · Jackson, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $4.9M +1.0%
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    More about this property
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