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: $1,600,000 List Date: 9/14/2020 Last Modified: 7/23/2021

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.

More Information MLS# 21036429

Location Property Info

County: Jackson Street #: 900 Street Direction: E Street Name: MICHIGAN AVE State: MI Zip Code: 49201 Area: Jackson County - JX

OfficeContract Info

Status: Sold Current Price: $1,200,000 List Price: $1,600,000 Listing Date: 2020-09-14

General Property Info

Lot Measurement: Acres Lot Acres: 1 Lot Square Footage: 43560 Lot Dimensions: 200x300 Year Built: 1986 Mineral Rights: Unknown Total # Units: 8 # Fin Bldg Lvls: 1 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: $1,200,000 Sold Price/SqFt: 80

Additional Details

Ceiling Height: 8

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

900 E MICHIGAN AVE, Jackson, MI 49201- MLS# 21036429

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