Property profile

406 1st St Jackson, MI 49201

OFF-MARKET
Specialty properties
Property ID
US43-1679358
6,980 SF 0.32 ac lot
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,000 square foot commercial property, located at 406 1st Street in Jackson, Michigan, presents a unique investment opportunity. Situated in the historic district, near Jackson's Central Business District, this building offers ample space ideal for a variety of uses, including executive offices, professional services, or even event space. Built in 1950 and renovated in 2000, the property boasts two buildings on a 0.76-acre lot (APN: 3-004800000) and is currently vacant, allowing for immediate occupancy. The asking price is $99,900, translating to $21.29 per square foot. The property is zoned C-2, providing flexibility for various commercial ventures. Significant features include over 50 parking spaces and multiple points of ingress and egress, ensuring convenient access. The property also includes four parcels and an eight-car garage, adding to its overall value and utility. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant potential for growth and return on investment. The property's size and features make it suitable for an owner-user seeking to lease a portion for additional income or a business looking for a prominent location to establish or expand its operations. This property is ready for its next chapter.

Property profile

Verified
Property type Specialty properties
Use group CREMATORIUM, MORTUARY
Total area 6,980 SF
Lot 0.32 ac (13,852 SF)
Zoning code C-2
APN 3-004800000
UPID US43-1679358

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
  • Social Service Agency
  • Corporate Office

Location

406 1st St Jackson, MI 49201-2107
Jackson metro Census 600 JACKSON, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2025
Last sale
$50,000
1 recorded transaction
2025
$50,000

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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