4,000 Square Foot Retail Space For Sale @ 304 Francis St

This property is a 4,000 sq. building with (2) 1,000 sq. ft. retail units at street level and (2) 1,000 sq. ft. office units on the second level. Both units on each level could easily be combined into a 2,000 sq. ft. unit.

The property is located in downtown Jackson, MI, in close proximity to the head quarters of Consumers energy and the Commonwealth Building.

The price is based on a potential 10% CAP rate based on rent rates that are below market and that have been adjusted based on some updates that are needed..

The property has potential that isn't readily apparent because the City of Jackson is about to commence a road project that will change the traffic pattern in the downtown area. Currently cars travel north on Francis street on the east side of this building and travel east on Washington street towards the back of this building. This result in reduced exposure for the entrance of this property.

The City plans to reroute the traffic downtown and cars traveling on Francis Street will have to turn west on to Washington Street. The result will be increase exposure for the the building and increased traffic counts.

The property is located in walking distance to the headquarters building and parking structure for Consumers Energy and the Commonwealth Buildings giving it excellent potential for breakfast, lunch and dinner business.

In addition the owner is offering the adjacent 4,000 sq. commercial building for sale with 2,000 sq. ft. of retail store front space and 2,000 sq. ft of Office space.