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Jackson 49202
1400 Seymour Avenue
$200,000
● Land - Off Market

1400 Seymour Avenue

Jackson, MI 49202
bedrooms
Studio
bathrooms
0 Bath
$1,814
Est. Monthly
2.43%
Cap Rate

About This Property

Great commercial location sitting on 2 acres on one of Jackson's main thoroughfares. Direct, easy access to I94 just down the road.  There currently is a house on the property, but the value is in the land only, so no access to the house is provided.  Currently zoned AG-1 but has commercial/industrial potential.
Unit Size
-
Days on Market
-
Land Size
2.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$218
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #23022276)

Price History

Date / Event Date Event Price
Apr 5, 2024 Sold
Premium
Sold
Jun 26, 2023 Listed by ERA REARDON REALTY, L.L.C. $325,000
Listed by ERA REARDON REALTY, L.L.C.
Jun 11, 2015 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,044
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 1,692
  • Building Area: 1,692
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,692
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT E 1/4 POST OF SEC 26TH W ALG E&W 1/4 LN 211.95 FT TO CEN OF SEYMOUR RD (SO-CALLED) TH N 80 DEG 18'W AT RT ANGS TO CEN

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005900

Zoning

  • Zoning: AG-1

Geography

  • Assessors Map Reference: MAPS
  • District: 01
  • Parcel: 000-08-26-276-003-00
  • Meridian: SEC 26 TWN 02S RNG 01W
  • Municipality: BLACKMAN TWP
  • Latitude: 42.2713
  • Longitude: -84.3852

    Address

  • Full Address: 1400 Seymour Ave
  • Address - House Number: 1400
  • Address - Street Name: Seymour
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C006
  • 4-Digit Zip Code: 1752
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $167,870
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1127
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 88
  • Final Value: 333,808
  • High Value: 371,443
  • Low Value: 296,173

    Market Valuation

  • Market Total Value: $191,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 02, 2015
  • Current Sale Recording Date: Jun 11, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2713502
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Jackson

Stats & Trends

Median Asking:

$233,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1889 ft²

Average Home Age

74.5 years

Currently For Sale

414 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: ALEX C PERLOS, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23022276
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1400 Seymour Avenue built and last sold?
The property at 1400 Seymour Avenue was built in and last sold on Jun 2, 2015 for $149,900.
How much is this home worth?
The estimated value of the home located at 1400 Seymour Avenue is $328,250.
What are some comparable homes to 1400 Seymour Avenue?
There are currently no comparable homes to 1400 Seymour Avenue.
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