308 W Prospect Street Jackson, MI ^$ 265,000

308 W Prospect Street

^$ 265,000

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308 W Prospect Street

Jackson, MI, 49203

^$ 265,000

Studio Baths0.0 Sq 3,868

Monthly Estimate*

^$ 1,761

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Studio

Commercial Property for sale in Jackson, MI

for $265,000. This 3,868 square foot building was built in 1947 on a lot size of 0.95.

Welcome to the heart of Jackson, Michigan's thriving dining and entertainment scene! This successful bar/restaurant offers a premium opportunity for both investors and restaurateurs. Boasting a full bar, spacious dining room, and a versatile banquet room, this establishment caters to diverse tastes and occasions. Live entertainment lights up the stage three nights a week, creating a dynamic atmosphere that keeps patrons coming back for more. This property is also a commercial hub, featuring rented office and retail spaces, providing a steady stream of income to complement the restaurant's revenue. This diversity of revenue streams ensures financial stability and long-term growth potential. Join the legacy of this successful establishment, and seize the opportunity!

Commercial Active

Price

^$ 265,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 7,444

Style

Commercial/Industrial

Lot Size

0.95

Year Built

1947

Town/City

Jackson

County/Region

Jackson

MLS | Web ID

70331817

Features

General

Heating Forced Air

Roof Metal Rubber

Water Public Water Public Water at Street

Status Active Keep Showing-Contgcy Appl

Year Built 1947

Parking 21+ Spaces

County Jackson

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Name 308 Brass Rail

Percent Ownership LLC

Municipality Jackson

Zoning Commercial

Subdivision MI

Commercial Features Cable Internet Installed Cable TV Available Electric Available Furniture Gas Available Sprinkler System Telephone

Area Jackson (38020)

Primary City Jackson

Directions On the corner of Woodbridge and W Prospect

City Jackson

Street Name Prospect

Financial Terms Cash Conventional Land Contract

Legal Description 1752.1 1752 1753 1754 1755.1 Lots 5 5 7 8 9 and 10 Blk 4 Prospect Add

DOM 253

Postal Code 49203

Price Per Sq Ft Total 68.51

Coming Soon Welcome to the heart of Jackson

Exterior

Exterior Block Concrete Steel Stucco Vinyl Siding

Frontage 156

Lot Size Area 0.95

Lot Dimensions 311 x 134

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Jennifer Chmielewski

Listing Agent

Era Reardon Realty, L.L.C.

Broker

realtorjennacares@gmail.com

Affordability Calculator

$2,382

Per Month

Monthly Principal & Interest: $1,761
Monthly Property Taxes: $620
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Jackson, MI

Average List Price ^$508,164

Percent of Sale Price 92%

About Jackson, MI

33,085 Population

-9% Since 2002

^$30,123 Median Income

34.66 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/19/2023	$265,000		Listed Price

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308 W Prospect Street, Jackson, MI, 49203 is a Commercial Property for sale at $265,000 with 3,868 sqft and a lot size of 0.95. 308 W Prospect Street is a studio with 0.0 baths and was built in 1947. The property's zip code is 49203 which is in Jackson, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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308 W Prospect Street

Commercial Property for sale in Jackson, MI

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