A rare opportunity to acquire a high-potential dual-asset portfolio in the heart of Downtown Jackson, Michigan. This offering includes a beautifully maintained 15,000 SF historic landmark building and a strategic development lot located directly across the street. Situated just a 2-minute walk from City Hall, this property is perfectly positioned to capitalize on Jackson's aggressive urban growth and historic preservation incentives.

Asset 1: The Historic Building (15,000 SF)

Ground Floor (5,000 SF): Features 7 versatile professional suites designed for high-demand services. The floor currently maintains high occupancy, serving as a thriving destination for beauty and wellness professionals (hair stylists, brow specialists, and cosmetic experts), providing immediate and stable cash flow. The suites' flexible layout also makes them ideal for professional offices, creative studios, cafe or boutique retail, offering the owner diversified leasing options to further maximize NOI.
Redevelopment Upside (Levels 2 & 3): The upper floors (10,000 SF total) are City-Approved for 6 luxury two-bedroom apartments. This "blank canvas" space is ready for construction to capture the premium downtown residential market.

Asset 2: Included Development Lot (Directly Opposite)

Included in the sale is a versatile lot located directly across the street, offering two distinct value-add paths:

High-Density Development: Conceptual plans are in place for an additional 32-unit residential development.
Strategic Amenity: Immediate utility as private, dedicated parking for the building’s tenants—a high-value, rare asset in the downtown business core that significantly boosts residential rental rates.

State-Backed Financial Incentives:

This project is uniquely positioned to benefit from Michigan’s premier redevelopment tools:

OPRA (Obsolete Property Rehabilitation Act): Eligibility for a property tax freeze for up to 12 years, dramatically enhancing long-term profitability.
MEDC Support: Positioned for Michigan Economic Development Corporation (MEDC) grants and community revitalization performance-based funding.
Historic Grants: Landmark status unlocks eligibility for State and Federal historic renovation grants and tax credits.

The Strategy:

This is a rare "stabilized-plus-development" play. An investor can collect immediate rent from the professional suites while executing the residential conversion and planning the 32-unit expansion across the street. Whether you prioritize parking or density, this dual-asset sale offers unmatched flexibility and equity growth.

Jenifer Scanlon

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100 W Washington Ave