900 E MICHIGAN AVE, Jackson, MI 49201 (MLS# 21036429)

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: $1,200,000 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

Last Updated: July - 23 - 2021

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