1217 Greenwood Avenue, Jackson, MI 49203
COMMERCIAL - Jackson, MI
- Added:
- Jun 13, 2024
- Days on Market:
- 728
- Last Refresh:
- Jun 10 at 9:06 pm
Property Features for 1217 Greenwood Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 20
- Interior features
- Broadband
- Standard status
- Active
- APN
- 3-226200000
- Size
- 2,200 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 2263, 2264, 2265, 2266 LOTS 4 & 5 & E 99 FT OF LOT 6 BLK 3 PALMER'S ADD
- Tax Annual Amount
- 5104
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Rubber
Listing agent HEATHER HERNDON License #6501335416 (517) 812-1641
Listing office Howard Hanna Real Estate Services 2131 Ferguson Rd Ste116, Jackson, MI (517) 787-9800
Listing date Jun 13, 2024
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2200 Sq Ft Brick Commercial Building in the flat iron district.
- Great parking with frontage on both Greenwood Ave & First St.
- Suitable for Medical, Professional Office or Retail Space.
- Minutes from downtown & Ella Sharp Park.
- Natural Gas, Central Air, City Water & Sewer.
- Seller will consider a Land Contract w/20% down and a 5‑year balloon.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.4k | $13.80 |
| − Vacancy | −$2.5k | −$1.13 |
| EGI | $27.9k | $12.67 |
| − OpEx | −$7.0k | −$3.17 |
| NOI | $20.9k | $9.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Jackson
- State
- Michigan
- Longitude
- -84.415182
- Latitude
- 42.233951
