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1318 W Michigan Avenue

Jackson, MI 49202
  • $799,900
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 22023208
UPDATED: 77 min ago
$799,900
  • 0
    BEDS
  • 0.3
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,568
    SQFT
  • $510
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1967
County:

School Ratings & Info

School District:

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.

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© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-08-18T09:03:36.897.
www.c21northland.com/homes/129718202
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1318 W Michigan Avenue Jackson, MI 49202

  • Price: $799,900
  • Status: Active
  • On Site: 68 Days
  • Updated: 77 min ago
  • MLS #: 22023208
0
Beds
1
Baths
0
½ Baths
0.3
Acres
1,568
SQFT
$510
$/SQFT
1967
Built
Neighborhood:
Jackson City
County:
Jackson
Area:
Jx10 - Jackson County
School District:
Jackson
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.
Exterior Features

Construction Type Block Driveway Paved Finished Building Levels 1.00 Foundation BlockConcrete Perimeter Lot Dimensions 108X120 Number Of Buildings 1.00 Road Frontage 108.00 Roofing Other Street Type PavedPublic Waterfront No

Interior Features

Below Grade None Ceiling Height 12 Heat Source Natural Gas Heat Type Forced Air Tot Bldg Other Sq Ft 1568.00

Property Features

Annual Property Tax 7962.55 Association Jackson Area Association Of Realtors Auction Or For Sale For Sale Business Includes Real Estate Commercial Type Retail/Commercial Current Use Auto Service Documents Aerial PhotoOther Documents Req Conf Agreement Environmental ReportsLeases Homestead Percentage 0.00 Mineral Rights Unknown New Construction No Ownership Llc Possession Close Of Escrow Sale Conditions None Sewer Public Tax Year 2021 Tenant Pays Building InsuranceElectricGasJanitorialProp Taxes/AssessSewerTrashWater Terms Available CashConventionalLand ContractTax Def Exchange Uses Auto ServiceRecreationRetail Util Avl At Street Broadband Utilities Attached ElectricNatural GasTelephone Water Public Zoning C-2

Listing provided courtesy of Clifford Risner of Beiswanger And Risner Re Group. © 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-08-18T09:03:36.897.
 
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