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130 Jackson St - BAMMPlex

43,736 SF Specialty Building Offered at $665,000 at a 1.50% Cap Rate in Cement City, MI 49233

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Investment Highlights

The 10-acre parcel offers significant frontage and visibility, making it ideal for various development projects.
Great space for a school, community center, church, and more.

The property’s large size, ample parking, and existing facilities like the gymnasium and cafeteria provide great potential.

Executive Summary

43,700 sq ft building sitting on a 10 acre parcel. lots of potential, zoned as residential/recreational. Gymnasium, kitchen, cafeteria 2 out buildings, ample parking, fitness center and plenty of office space.
Listing Broker has an ownership interest in the property. The NOI and Cap Rate are based on a Sale and Lease Back method involving the seller leasing a portion of the building and property. These spaces are currently in use, but are not a requirement of the sale.
This property and structures are sold "As Is".

Property Facts

Price	$665,000	Building Class	C
Price Per SF	$15	Lot Size	10.00 AC
Sale Type	Investment or Owner User	Building Size	43,736 SF
Cap Rate	1.50%	No. Stories	1
Sale Conditions	High Vacancy Property Redevelopment Project	Year Built/Renovated	1930/2007
Property Type	Specialty	Parking Ratio	2.28/1,000 SF
Property Subtype	Schools Specialty Lodge Meeting Hall Specialty Public Library Specialty Religious Facility

Price	$665,000
Price Per SF	$15
Sale Type	Investment or Owner User
Cap Rate	1.50%
Sale Conditions	High Vacancy Property Redevelopment Project
Property Type	Specialty
Property Subtype	Schools Specialty Lodge Meeting Hall Specialty Public Library Specialty Religious Facility
Building Class	C
Lot Size	10.00 AC
Building Size	43,736 SF
No. Stories	1
Year Built/Renovated	1930/2007
Parking Ratio	2.28/1,000 SF