Property profile

408 Michigan Ave Jackson, MI 49201

OFF-MARKET
Office buildings
Property ID
US43-0491203
4,688 SF 0.57 ac lot Built 1912
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1912
Total area 4,688 SF
Lot 0.57 ac (24,655 SF)
Zoning code R-4
APN 2-0554.2000
UPID US43-0491203

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
  • Financial Advisor
  • Law Firm

Location

408 Michigan Ave Jackson, MI 49201-2123
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$505k

Owner & transaction history

since 2023
Last sale
$500,000
5 recorded transactions
2023
$500,000
2010
Price N/A
2009
$350,000
2005
$355,000
1969
Price N/A

Zoning & alternative use

R-4 · Jackson, MI
Zoning description

Sec. 28-39. - R-4 high density apartment and office district. The high density apartment and office district is established for high density residential uses located close to the central business district. The district p…

General category RESIDENTIAL

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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