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    Property profile & analytics

    402 Michigan Ave Jackson, MI 49201-2123

    • Specialty properties
    • 13,293 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimation
    $200,000
    Last Sale
    Jun 08, 2022
    $190,850
    Location Intelligence
    Property ID
    US43-1375538
    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

    • The Theodore / Event Venue
    • BALA Mind Body Studio / Yoga Studio
    • Affordable Memorial Services by Wetherby / Corporate Office

    Property Details for 402 Michigan Ave

    Year built
    1902
    Lot size
    0.93 lot acres
    Property size
    13,293 SF
    Zone code
    C-3
    Property type
    Specialty properties
    APN
    2-055300000
    APU
    2055300000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $220,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $205,000
      Mixed-Use
      $240,000
      Hospitality
      $185,000
      Educational
      $235,000
      Residential Income
      $195,000
      Energy
      $185,000
      Income-Based Land
      $220,000
      Food Service
      $220,000

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.4138
    Latitude
    42.2482
    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
    $14,962
    $0.00
    $0.00
    $351,600
    -
    $0.00
    $0.00
    $703,200

    Comparable in this City

    • Value Estimation by Request
      4,194 SF

      3201 Parnall Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,194 SF
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      View Details
    • Value Estimation by Request
      1,237 SF

      2618 Seymour Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,237 SF
      2618 Seymour Rd, Jackson, MI 49201-8836
      View Details
    • Value Estimation by Request
      1,408 SF

      4005 Springport Rd

      CHARITABLE ORGANIZATION • 1,408 SF
      4005 Springport Rd, Jackson, MI 49201-9017
      View Details
    • Value Estimation
      $360,000
      9,052 SF

      204 Blackstone St

      CREMATORIUM, MORTUARY • 9,052 SF
      204 Blackstone St, Jackson, MI 49201-1208
      View Details
    • Value Estimation by Request
      7,792 SF

      5119 Page Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 7,792 SF
      5119 Page Ave, Jackson, MI 49201-9162
      View Details
    • Value Estimation by Request
      8,075 SF

      203 Ave

      Individual retail properties • 8,075 SF
      203 Ave, Jackson, MI 49201
      View Details

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    Similar Nearby for Lease

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      New Dollar General Store

      New Dollar General store in Jackson, Michigan, opened in 2025.
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      Office Space in Jackson, MI

      Office space available for lease in Jackson, Michigan.
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      View Details
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    402 Michigan Ave
    Jackson, MI 49201-2123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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