|Catylist Listing ID:||30120664|
|Property Subtypes:||Free-Standing Building, Street Retail|
|Building Size (RSF):||5,450 SF|
|Gross Land Area:||0.10 Acres|
|Sale Price:||$325,000 - 350,000|
|Unit Price:||$59.63 - 64.22 PSF|
|Property Use Type:||Vacant/Owner-User|
|Building Name:||DuPuis Building|
|Sale Terms:||Cash to Seller|
If you are not local to the Jackson area, you may not be aware of the transformation that has taken place in the downtown area. It is amazing! You owe it to yourself to park your car and take a walking tour of Downtown Jackson!
160-162 W. Michigan, Jackson, MI is a free standing downtown building with an alley on one side and parking lots on the other side and back. There are windows along the alley side for additional natural lighting in the retail space and the apartment on the second floor.
Construction began on 160 W. Michigan in 1928 and the jewelry store formally opened on April 30, 1929 and has never seen any other use. The main floor is 2,800 sf for both sides, with a 1,650 sf apartment on the second floor, and a huge 1,000 sf two car garage that is currently used by the apartment tenants. The apartment was built out in 1984 and rents for $950 per month.
The ornate neo-Egyptian style architecture was inspired by King Tut’s tomb, which had been discovered in 1922. It features many insets of scarab beetles – “bugs” – relating to the stores original owners William and Maud Bugg. The main section of the building has a very ornate ceiling that was cast and painted in Europe, brought to the U.S. in sections and assembled at the store.
The main building with the 160 W Michigan address features a limestone and granite façade with a large sculpted scarab near the top. Inside there is a 16 foot high vaulted, painted plaster ceiling with marble door jambs and Art Deco floor and wall cases. The custom made antique wood cabinets are available for $25,000. At the back of the retail space is a room with two large built in safes. There is also a 250 sf mezzanine above this area overlooking the front of the store, offering a great view of the vaulted ornate ceiling. It has a metal roof dated 2014 and a brick wall on the alley side. The heating system is gas forced air and was replaced around 2000. The electric service is 200 amps which also includes the apartment.
The adjoining building with the 162 W Michigan address is of more typical construction with a partially exposed brick wall, and 12 foot ceilings. It was built around 1860, and has had various uses. It now has metal siding and a metal roof dated 2014. It was the back room work area associated with the main jewelry store, but could be renovated into a separate retail or office building with its own front entry from West Michigan Avenue.
|Taxing Authority:||City of Jackson|
|Retail Clientele:||General, Business, Tourist|
|Property Located Between:||Downtown Jackson|
|Largest Nearby Street:||W Michigan Avenue|
|Feet of Frontage:||34|
|Highway Access:||I-94, US-127|
|Airports:||Lansing, DTW, Jackson|
|Area Description:||The City of Jackson has a population of 33,500 and the county is 160,000.|
|Total Number of Buildings:||2|
|Number of Stories:||2|
|Construction/Siding:||Brick, Granite, Metal Siding, Stone, Wood Frame|
|Exterior Description:||Metal roof|
|Total Parking Spaces:||3|
|Parking Description:||Street and municipal parking|
|Heat Type:||Natural Gas|
|Air Conditioning:||Package Unit|
|Zoning Description:||The central commercial district represents the focal point of the city's commercial, office and civic activity. It is designed to provide retailing, personal services, parking and business services for the entire urban area. The district also supports mixed use developments that include residences as well as commercial and office space. Residential use is encouraged on the upper level floors of structures. The district, located at the area of convergence of arterial streets and highways, is surrounded on all sides by districts which are given over to general business, light industrial, office and high density residential uses or some combination. Recognized as the "central business district" of the metropolitan area, the regulations are designed to: (1) Encourage a strong, compact central core. (2) Realize and enhance the existing character of certain areas. (3) Encourage primary parking areas in proximity to the uses they serve and to discourage auto and pedestrian interaction. (4) Provide and maintain green spaces that can act as activity areas for employees and shoppers.|
|Proximity:||1 mile||3 miles||5 miles|
David L. Hamilton, CCIMSwisher Commercial
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