Mixed Use Commercial Building

Multi-Family for Sale
Catylist Listing ID: 30355394
Property Subtypes: Mixed Use
Number of Units: 5 Units
Building Size (RSF): 5,893 SF
Gross Building Area: See Agent
Gross Land Area: 0.31 Acres
Sale Price: $90,000
Unit Price: $18,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/21/2019

Overview / Comments

Solid Mixed Use Building in the City of Jackson. This property feature 3 apartment units, a retail space and a garage storage unit all at the corner of Lansing Ave and Hill street in the City of Jackson. Fully leased, this property has great cash flows today and could make a fantastic redevelopment opportunity in the future.

With the building extending to both Hill and Lansing Ave, as well as driveway access to both streets, the property is very functional and convenient for tenants.

Lansing Ave has convenient access to I-94 via Clinton and West Ave. The building is less than two miles from both Henry Ford / Spectrum and Consumers Energy.

Additional Details

Nearest MSA: Jackson
County: Jackson
Taxing Authority: City of Jackson / Jackson County
Tax ID/APN: Multiple
Zoning: C-2
Property Condition: Fair
Number of Stories: 2
Year Built: 1920
Roof Type: Flat
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,851 63,492 83,878
Median Age: 35.93 36.24 37.72
Households: 5,649 23,598 31,738

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