406 1st St, Jackson, MI 49201-2107
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.
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Leoni Township Cemetery Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Jackson, MIJackson. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.