Property profile

401 Prospect St Jackson, MI 49203

OFF-MARKET
Office buildings
Property ID
US43-3866269
2,000 SF 0.15 ac lot Built 1940
Individually Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1940
Total area 2,000 SF
Lot 0.15 ac (6,403 SF)
Zoning code C-2
APN 3-2459.1000
UPID US43-3866269

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
  • Auto Repair Shop
  • Electrical Service General Contractor

Location

401 Prospect St Jackson, MI 49203-4008
Jackson metro Census 800 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
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2017
Last sale
$17,000
3 recorded transactions
2017
$50,000
2013
$17,000
2011
Price N/A

Zoning & alternative use

C-2 · Jackson, MI
Zoning description

Sec. 28-43. - C-2 community commercial district. The community commercial district is composed of certain land and structures used primarily to provide all types of "convenience goods," as described in the C-1 district,…

General category COMMERCIAL

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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