1201 Cooper StJackson, MI 49202

Property Details for 1201 Cooper St

Year built

1956

Lot size

0.50 AC

Property size (Sq ft)

924 SF

Zone code

C-2

Property type

Grocery and convenience stores

APN

8-202100000

APU

8202100000

Description

This exceptional business opportunity presents a chance to own a well-established and profitable ice cream shop located at 1201 Cooper Street in Jackson, Michigan. The property encompasses a substantial 924 square feet situated on a 0.72-acre lot, providing ample space for operations and customer parking. The building itself is in solid condition, offering a turnkey operation for the new owner. Its prime location on Cooper Street ensures high visibility and easy access for customers. The shop benefits from its proximity to key attractions such as Nixon Park & Pool and Art 634, drawing significant foot traffic throughout the spring, summer, and fall seasons. The strategic location near downtown Jackson and I-94 further enhances its accessibility and appeal to a wide customer base. The surrounding area is experiencing positive growth with new housing and job development, promising strong long-term investment potential for this thriving business. The current operation boasts excellent cash flow, providing a stable and rewarding investment opportunity. This is a rare chance to acquire a successful, community-loved business with significant growth potential in a rapidly developing area. The asking price for this turnkey operation is $589,900.

• CAP approach

  CAP return

  Valuation

  6%

  $232,521

  6.5%

  $214,635

  7%

  $199,304

• Comparable approach

  Method

  Valuation

  Relative Method

  $217,806

  Geo Method

  $217,806

• Alternative Use

  Use

  Valuation

  Residential

  $181,053

  Hospitality

  $165,843

  Educational

  $137,980

  Medical

  $142,725

  Retail

  $214,635

Location Insight

City

Jackson

County

Jackson

State

Michigan

Latitude

42.2641

Longitude

-84.4033

CBSA code

27100

CBSA name

JACKSON, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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