Property profile

401 Mechanic St Jackson, MI 49201

OFF-MARKET
Retail space
Property ID
US43-1004394
10,542 SF 0.61 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 10,542 SF
Lot 0.61 ac (26,659 SF)
Zoning code I-1
APN 7-015500000
UPID US43-1004394

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
  • Counselor
  • Alternative Medicine Practice
  • Counselor
  • Alternative Medicine Practice
  • Counselor

Location

401 Mechanic St Jackson, MI 49201-1306
Jackson metro Census 200 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
$648k
Blend (final) Blend
$385k

Owner & transaction history

since 2023
Last sale
$360,000
6 recorded transactions
2024
Price N/A
2024
Price N/A
2023
$360,000
2023
Price N/A
2017
Price N/A
2013
Price N/A

Zoning & alternative use

I-1 · Jackson, MI
Zoning description

Sec. 28-46. - I-1 light industrial district. The light industrial district is designed to provide suitable space for industrial uses that operate in a safe, nonobjectionable and efficient manner, and so require a minimum…

General category INDUSTRIAL
Top alternative use upside
Restaurant $940,000 +24.0%
Medical building $890,000 +17.6%

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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