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    OFF-MARKET
    Specialty properties

    406 1st St, Jackson, MI 49201-2107

    6,980 SF 0.32 ac lot
    Individually Owned Free & Clear
    Property ID
    US43-1679358
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Patience-Montgomery Funeral Home Social Service Agency
    • Leoni Township Cemetery Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Altering Outcomes Foundation
    Altering Outcomes Foundation
    since 2025
    Last sale
    $50,000
    1 recorded transaction
    2025
    $50,000
    Zoning & alternative use
    C-2 · Jackson, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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