900 E MICHIGAN AVE, Jackson, MI 49201

$1,200,000
Property Type: Commercial Sale Square Footage: 15,000 Lot Size (sq. ft.): 43,560 Status: Sold
Current Price: $1,600,000 List Date: 9/14/2020 Last Modified: 7/23/2021

Overview

Description

Remarkable opportunity to secure a 15,000 square foot medical/office professional building centrally located between Henry Ford Allegiance Health, Consumers Energy, and additional large employers. Henry Ford Allegiance Health owns the adjacent property making this a prime location for medical professionals needing easy access to the hospital's main campus. Currently setup with 9 suites, the layout is flexible to accommodate the needs of various sized businesses. Cap rates estimated at 9.69% currently and 11.26% when all suites are full.

Listing Details MLS# 21036429

Location Property Info

County
Jackson
Street #
900
Street Direction
E
Street Name
MICHIGAN AVE
State
MI
Zip Code
49201

General Property Info

Lot Measurement
Acres
Lot Acres
Yes
Lot Square Footage
43560
Lot Dimensions
200x300
Year Built
1986
Mineral Rights
Unknown
Total # Units
8
# Fin Bldg Lvls
Yes
Total SqFt
15000
Full Baths
11
Waterfront
No
School District
Jackson

Tax Info

Tax ID #
7-0529
Taxable Value
537691
SEV
758600
Seller's Annual Property Tax
39279
Tax Year
20

Remarks Misc

Directions
BTW Waterloo St and State St

Status Change Info

Under Contract Date
2021-02-16
Sold Date
2021-06-30
Sold Price/SqFt
80

More Information

Additional Details

Ceiling Height
8

Location & Property Info

Property Sub-Type
Office
Area
Jackson County - JX
Municipality
Jackson City
Subdivision
Ford's Eastern Addition

Office/Contract Info

List Price/SqFt
106.67
Current Bldg Use
Office Professional

Street Type

Paved
Yes
Public
Yes

Utilities Attached

Cable Connected
Yes
Electricity Connected
Yes
Phone Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Uses

Professional/Office
Yes

Construction Type

Concrete
Yes
Steel
Yes

Roofing

Composition
Yes

Heat Source

Natural Gas
Yes

Air Conditioning

Central Air
Yes

Foundation

Slab
Yes

Purchase Terms Avail

Cash
Yes
Conventional
Yes

Property Features

Uses: Professional/Office Construction Type: Concrete; Steel Roofing: Composition Foundation: Slab Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Phone Connected Heat Source: Natural Gas Air Conditioning: Central Air Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional
Listing Office: Coldwell Banker Beiswanger Realty Group
Listing Agent: Doug Beiswanger
IDX
Last Updated: July - 23 - 2021
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.