2020 Bondsteel DrJackson, MI 49202

Property Details for 2020 Bondsteel Dr

Year built

1975

Lot size

1.49 AC

Property size (Sq ft)

11,118 SF

Zone code

C-1

Property type

Individual retail properties

APN

000-08-28-202-007-00

APU

82820200700

Description

This exceptional 11,118-square-foot commercial property, formerly a Planet Fitness, presents a unique investment opportunity in Jackson, Michigan. Zoned C1, this versatile space is ideal for a variety of uses, including medical offices, retail, or office space. Situated on a sizable 1.5-acre lot, the property offers significant redevelopment potential. Its prime location along M-50 Highway, just north of I-94, ensures high visibility and accessibility. With over 31,000 vehicles passing daily on M-50, this location boasts exceptional exposure. The property benefits from its proximity to major commercial establishments, including Baymont by Wyndham, Courtyard and Townplace Suites by Marriott hotels, as well as national retailers such as Hobby Lobby, Target, Home Depot, Lowe's, Kroger, and the Jackson Crossing Mall. This strategic location within Jackson's main commercial hub makes it an attractive proposition for businesses seeking high traffic and strong brand visibility. The asking price for this substantial property is $750,000. Don't miss this chance to acquire a well-positioned commercial asset with significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $2,797,803

  6.5%

  $2,582,588

  7%

  $2,398,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,207,867

  Geo Method

  $2,207,867

• Alternative Use

  Use

  Valuation

  Residential

  $2,178,509

  Hospitality

  $1,995,503

  Educational

  $1,660,235

  Medical

  $1,717,333

  Retail

  $2,582,588

Location Insight

City

Jackson

County

Jackson

State

Michigan

Latitude

42.2751

Longitude

-84.4307

CBSA code

27100

CBSA name

JACKSON, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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