For more information on this property, contact Leigh Lohman at 616-402-4405 or leigh@capstonecompanies.net

1318 W Michigan Avenue
Jackson, Michigan MI 49202-4126
Sold For: $650,000
Listing ID 22023208
Status Closed
Full Baths 1
Total Baths 1
SqFt 1,568
Acres 0.300
Year Built 1967

Property Description:

Located on the west side of the City of Jackson and directly on the I-94 business route, this real estate investment opportunity awaits its new owner. Long term tenant lease in place with renewable options for thirty years. Current NNN lease is $43,920 annually with scheduled increases increasing it to $64,679 annually. Phase I ESA completed in 2019. Lease and misc. documents available for review only after a (1) signed confidentiality agreement, (2) Letter of Intent, and (3) documented ability to purchase are received. Phase I ESA completed in 2019. Serious inquiries only. Land Contract considered for qualified purchaser with minimum 25% down payment, 7% interest, negotiable balloon. Contact Commercial REALTOR with your questions or to schedule a private tour.

Primary Features

County: Jackson
Property Sub Type: Retail
Property Type: Commercial Sale
Year Built: 1967

Interior

Heating: yes
Heating Type: Forced Air

External

Foundation Details: Concrete Perimeter, Block
Lot Size Area: 0.3
Lot Size Square Feet: 13068
Lot Size Units: Acres
New Construction: no
Number Of Buildings: 1
Number Of Units Total: 1
Roof: Other
Utilities: Telephone, Broadband
Water Source: Public

Location

Directions: Between Wisner and Brown Streets
High School District: Jackson
MLS Area Major: Jackson County - JX
MLS Area Minor: Jackson County - JX
Zoning Description: C-2

Additional

Business Type: Auto Service, Retail, Recreation
Mls Status: Sold

Financial

Inclusions: Real Estate
Lease Considered: no
Listing Terms: Conventional, Tax Def Exchange, Contract, Cash
Ownership Type: LLC
Tax Annual Amount: 7962.55
Tax Assessed Value: 92355
Tenant Pays: Building Insurance, Electricity, Gas, Janitorial Service, Taxes, Sewer, Trash Collection, Water

Zoning Info


Contact - Listing ID 22023208

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Leigh Lohman

22 S Harbor Dr #101
Grand Haven, MI 49417
Phone: 616-402-4405

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