Property profile

3481 Page Ave Jackson, MI 49203

OFF-MARKET
Retail space
Property ID
US43-0606928
4,800 SF 0.84 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 5,200 square foot freestanding retail building in Jackson, Michigan, is available for $799,888. Located at 3481 Page Ave in Leoni Township, this property sits on a 0.84-acre lot and boasts a prime location on a main thoroughfare with approximately 6,580 vehicles passing daily. The building offers two access points and includes a large pylon sign and billboard signage, providing excellent visibility. With over 50 parking spaces, this property is ideal for a flagship location. Currently, only four operating provisioning centers exist within a two-mile radius, presenting a strong market opportunity. Municipal approval for adult-use/medical provisioning is in place, and licenses are included in the sale. The pre-construction build-out allows a new operator to create a custom design. Importantly, the site can also be used for traditional retail purposes, offering flexibility to potential buyers. The property is surrounded by a dense residential population and several national tenants, creating tremendous synergy within the immediate marketplace. The price per square foot is $153.82, and the land value is $899,888 per square foot. This is a rare opportunity to acquire a well-situated, versatile commercial property in a thriving market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 4,800 SF
Lot 0.84 ac (36,721 SF)
Zoning code B-4 GEN
APN 000-14-06-402-001-01
UPID US43-0606928

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
  • (Bike/Boat/Book/etc) Store Garden Center

Location

3481 Page Ave Jackson, MI 49203-2317
Jackson metro Census 6101 JACKSON, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$483k
Blend (final) Blend
$320k

Owner & transaction history

since 2024
Last sale
$800,000
7 recorded transactions
2026
Price N/A
2024
$800,000
2024
Price N/A
2021
$550,000
2019
Price N/A
2018
Price N/A
2006
$550,000

Zoning & alternative use

B-4 GEN · Jackson, MI
Top alternative use upside
Medical building $405,000 +18.0%

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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