Property profile & analytics
3133 Michigan Ave Jackson, MI 49202-3849
- Retail space
- 6,754 SF
- 1.70 lot acres
OFF-MARKET
Value Estimations
$835,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-0633005
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
- Advance Auto Parts / Auto Parts Store
- UPS Access Point location / Courier Service / Postal Service
Property Details for 3133 Michigan Ave
- Year built
- 1999
- Lot size
- 1.70 lot acres
- Property size
- 6,754 SF
- Zone code
- B-4 GEN
- Property type
- Retail space
- APN
- 000-09-31-152-008-01
- APU
- 93115200801
Description
This exceptional investment opportunity presents a 6,754 square foot Advance Auto Parts store in Jackson, MI, situated on a substantial 1.7-acre lot. Boasting a strong 6.86% cap rate, the property offers a secure net lease with a corporate guarantee from a NYSE-listed company. The current lease, originally commenced on December 31, 1998, has been recently extended, providing a remaining term of approximately 10.1 years with options to extend. Built in 1999 and renovated in 2007, the single-story building enjoys a prime location on a busy thoroughfare with daily traffic exceeding 20,000 vehicles. The property generates a substantial net operating income (NOI) of $84,000 annually, with a price per square foot of $181.37. The asking price is $1,225,000, representing a compelling value given the long-term lease, strong tenant, and excellent location within a market featuring a 5-mile population exceeding 70,000 residents and an average household income of $58,984. This is a rare opportunity to acquire a stable, high-yielding retail investment with significant upside potential. The property's address is 3133 E Michigan Ave, Jackson, MI 49202.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $836,000
- AI Estimate
- $836,000
Market price range: $160k - $836kMarket price range: $160k - $836k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $595,000 Current use
- RESTAURANT
- $600,000 Change: +1% Conversion: Easy
- MEDICAL BUILDING
- $570,000 Change: -4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Jackson
- State
- Michigan
- Longitude
- -84.3631
- 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
$15,871
$0.00
$0.00
$412,128
-
$0.00
$0.00
$824,256
