Retail Space in downtown Business District

Retail-Commercial for Lease
Catylist Listing ID: 30050449
Property Subtypes: Mixed Use, Street Retail
Contiguous Space: 1,326 - 2,652 SF
Building Size (RSF): 1,326 SF
Gross Building Area: 5,304 SF
Gross Land Area: 0.06 Acres
Lease Rate: $10 PSF (Annual)
Base Monthly Rent: $2,210
Lease Types: Full Service, NNN
Ceiling: 12 ft.
In Opportunity Zone? Yes
Building Name: 304 Francis Street & 306 Francis Street
Usable Size (USF): 2,652 SF
Last Updated: 11/12/2020

Overview / Comments

This property is located on Francis Street near East Washington in the downtown business district.

It features (2) 1,326 street level units that have glass display windows w/ street frontage. The space can easily be combined into a 2,652 sq ft. unit.

The rent is $550.00 per month NNN for 1,326 sq. ft.
$1,100.00 per month NNN for 2,652 sq. ft.

Expand All Available Space

Suite: 304, 306 2,652 SF $10 PSF (Annual) NNN,Full Service
Level/Floor: 1
Space Available: 2,652 SF
Minimum Divisible: 1,326 SF
Lease Rate: $10 PSF (Annual)
$2,210 (Monthly)
Lease Type: NNN,Full Service
Space Description: This property was built in 1890 and features attractive high tin ceilings with large display windows.

There are (2) 1,326 sq. ft. street level store fronts that adjoin. They could be leased together as up to 2,652 sq. ft of street level retail. in addition, there is the potential to add an additional 2,652 sq. ft. of space on the second floor / area with a large sky light.

This property is available at the lowest price per sq. ft. of any retail space in Jackson. It is located in the downtown central business district on Francis Street near the corner of East Washington within 1 block of the Consumers Energy Headquarters, the Commonwealth Building and ample public parking.

The property represents an exciting opportunity for the right business as the city is poised to commence changes in June-2017 to the central business district traffic pattern in the downtown area that will result in increased visibility and traffic counts for this property. Washington will become a 2 way street.

This property is also available for sale.
Space Subcategory: Free-Standing Store, Office Building
Date Available: 12/30/2019
Lease Term: 12 Months
Space Type: Relet
Offices 4
Parking Spaces 10
Rent Escalators Fixed Lease

Additional Details

Nearest MSA: Jackson
County: Jackson
Tax ID/APN: 5-0063000000
Zoning: C3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Excellent
Largest Nearby Street: E. Washington Street
Traffic/Vehicle Count: 14,713
Highway Access: Easy access from I-94 via Cooper Street exit (i.e. M106)
Site Description: Located in the central business district in downtown Jackson, the property is located within one block from Consumers Energy Headquarters building and employee parking structure. It is across the street from the Commonwealth Building.
Area Description: The location is poised to benefit from the City of Jackson's plans to change the traffic pattern downtown that will result in 2 way traffic on Washington and Francis Street. This will create additional exposure for this property and higher traffic counts.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,244 SF
Property Condition: Good
Year Built: 1890
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick front with concrete block sides.
Parking Type: Surface
Parking Description: Ample public parking in nearby parking lots and on the street.
Sprinklers: None
Heat Type: Steam
Heat Source: Radiant
Air Conditioning: Window Unit
Zoning Description: C3
Lot Frontage: 34
Lot Depth: 78
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,159 52,734 91,791
Median Age: 31.72 35.65 38.01
Households: 6,244 21,745 34,834


Photograph of Listing Agent

Joe Arnold, CCIM

St. Arnold Commercial
CPIX Member
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