Property summary
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
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Garden Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
B-4 GEN · Jackson, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for B-4 GEN in Jackson, MI.
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