1850 Michigan AveJackson, MI 49202

Property Details for 1850 Michigan Ave

Year built

1972

Lot size

15.36 AC

Property size (Sq ft)

208,135 SF

Zone code

PC-1

Property type

Community centers

APN

000-08-33-351-001-04

APU

83335100104

Description

Westwood Mall in Jackson, Michigan, presents a unique opportunity for retail businesses seeking high-visibility locations. This outparcel offering comprises a total of 517,807 square feet within a larger retail complex situated on a substantial 41.7-acre lot. Multiple tenancy options are available, with spaces ranging from a minimum of 3,990 square feet to a maximum contiguous space of 10,883 square feet. Currently, there are 36,741 square feet of vacant space ready for immediate occupancy. The property boasts ample parking with 2,850 spaces, ensuring convenient access for customers. Located at 1850 W Michigan Ave, Jackson, MI 49202, this property benefits from excellent visibility and accessibility, situated within Jackson County. The property's size and flexible space options make it ideal for a variety of retail uses, from smaller boutiques to larger format stores. This is a prime opportunity to establish or expand your retail presence in a thriving Jackson County market. The property's strategic location and ample parking provide a significant advantage for attracting customers and maximizing business potential. Interested parties should inquire about available space and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $52,376,396

  6.5%

  $48,347,444

  7%

  $44,894,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $41,318,368

  Geo Method

  $41,318,368

• Alternative Use

  Use

  Valuation

  Residential

  $40,782,876

  Hospitality

  $37,356,896

  Educational

  $31,080,500

  Medical

  $32,149,406

  Retail

  $48,347,444

Location Insight

City

Jackson

County

Jackson

State

Michigan

Latitude

42.2498

Longitude

-84.4365

CBSA code

27100

CBSA name

JACKSON, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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