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    Property profile & analytics

    3131 Michigan Ave Jackson, MI 49202-3849

    • Drive through restaurants
    • 3,292 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-4243961
    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.

    Current Use by Public Records

    • Arby's / American Restaurant / Fast Food Restaurant

    Property Details for 3131 Michigan Ave

    Year built
    1996
    Lot size
    0.66 lot acres
    Property size
    3,292 SF
    Zone code
    B-4 GEN
    Property type
    Drive through restaurants
    APN
    000-09-31-152-004-02
    APU
    93115200402

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.3642
    Latitude
    42.2555
    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
    $14,916
    $0.00
    $0.00
    $276,544
    -
    $0.00
    $0.00
    $553,088

    Comparable in this City

    • Value Estimation by Request
      2,723 SF

      3425 Lansing Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,723 SF
      3425 Lansing Ave, Jackson, MI 49202-1009
      View Details
    • Value Estimation by Request
      3,555 SF

      2655 Airport Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,555 SF
      2655 Airport Rd, Jackson, MI 49202-1237
      View Details
    • Value Estimation by Request
      4,972 SF

      2601 Airport Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,972 SF
      2601 Airport Rd, Jackson, MI 49202-1237
      View Details
    • Value Estimation by Request
      4,270 SF

      1801 Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,270 SF
      1801 Ave, Jackson, MI 49202-2278
      View Details
    • Value Estimation by Request
      4,080 SF

      3306 Michigan Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,080 SF
      3306 Michigan Ave, Jackson, MI 49202-3854
      View Details
    • Value Estimation by Request
      4,052 SF

      1625 Michigan Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,052 SF
      1625 Michigan Ave, Jackson, MI 49202-3641
      View Details

    Similar Nearby for Sale

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      Restaurant & Banquet Facility For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      10,960 SF

      Former Pharmacy with Drive Thru

      10,960 SF retail building on 2 acres in Jackson, MI.
      3100 E Michigan Ave, Jackson, MI 49202
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    • $10 SF/Yr
      112,571 SF

      Merchants Crossing Retail Space

      Prime Jackson County retail center; spaces available.
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    • $5 SF/Yr
      56,882 SF

      East Jackson Plaza Retail Center

      High-traffic retail space available in Jackson, MI
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    • $11 SF/Yr
      2,850 SF

      Retail Space in Jackson, MI

      Retail property available for lease in Jackson, Michigan.
      1400 N West Ave, Jackson, MI 49202
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    • $5 SF/Yr
      2,000 SF

      Retail Spaces Available for Lease

      Multiple retail spaces available with easy highway access.
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    • Contact for pricing
      638 SF

      Meijer In-Store Retail Space

      Jackson, MI Retail Opportunity
      3333 Michigan Ave, Jackson, MI 49202
      View Details

    Property Visit Statistics

    • Visits by month
      16.9k
    • Visitors by month
      12.0k
    • Avg Time on site
      10 min
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    3131 Michigan Ave
    Jackson, MI 49202-3849
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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