After 33 years, the historic Forner Building in Downtown Jackson Michigan has sold. The iconic building located at the corner of S Jackson St and Pearl St is at the epicenter of Downtown Jackson’s revitalization. There are several construction projects going on all around the buildings location.
Local real estate investment company, NEI Properties, purchased the building in September of 2017. The building is home to City Crepes, The Blue Julep, Evolution Hair and Skin, WHC, and a couple of residential loft apartments.
NEI Properties is owned by David and Sadie Bradley. They were represented by The Gilpin and Gaston Group from Production Realty. The Seller of the building was represented by The Brokerage House.
“This is an exciting time in Jackson, and we look forward to being a part of the revitalization of Downtown.” -Sadie Bradley
Home values in Jackson MI are up 15% according to the Jackson Area Association of Realtors MLS Statistical Reports. This continues a multi year trend of value increases in the Mid-Michigan region.
The average sale price in Jackson County is now just above $147,000. Current trends show that this will go even higher. This is a 15% increase from last years average sale price of $127,000. Homes are flying off the shelf as well in Jackson County. The average days on market for a sold home is only 104 days. This includes the time that the home is pending. Homeowners that are selling this year are seeing record sale prices due to low inventory and high demand. Homeowners in Jackson County can expect to receive an offer on their home within weeks, and many times multiple offers.