Property summary
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
VerifiedCap rate & NOI
Current use
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Social Service Agency
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Corporate Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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,…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Jackson, MISec. 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,…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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,…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Jackson, MI.
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