2021 Wellworth Avenue Jackson, MI 49203
COMMERCIAL - Jackson, MI
- Added:
- May 7, 2024
- Days on Market:
- 799
- Last Refresh:
- Jul 14 at 6:06 am
Property Features for 2021 Wellworth Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 10
- Rooms
- Bathroom 5, Bathroom 7, Bathroom 9, Bathroom 2, Bathroom 8, Bathroom 10, Bathroom 1, Bathroom 6, Bathroom 3, Bathroom 4
- Parking
- 52
- Standard status
- Active
- APN
- 5-2202.0500
- Size
- 71,815 SF
- Lot size
- 3.42 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- That part of Sec 12
- Tax Annual Amount
- 132046
Utilities
- Utilities
- Cable Available
- Heating system
- Heat Pump (Heating), Radiant, Forced Air, Space Heater
- Cooling system
- Central Air
Building Details
- Year built
- 2009
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Metal Siding
- Roof type
- Metal, Rubber
Listing agent PHILLIP M MORGAN License #6502108104 (517) 204-4385
Listing office ERA Reardon Realty, L.L.C. 910 N West Ave, Jackson, MI (517) 782-2996
Listing date May 7, 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Large, flexible industrial/warehouse/office space (71,815 sqft) with 30‑foot clear height ceilings and 5 grade‑level docks.
- Eco‑friendly and energy‑efficient design, including Energy Star rating, LED lighting with daylight harvesting, solar‑tracking skylights, and super multi‑blanket insulation.
- Advanced power infrastructure: 1200 Amp I‑Line Square D Panel with 480Y/277v and a whole building generator.
Local Financial Insights For Industrial
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 | $792.8k | $11.04 |
| − Vacancy | −$80.1k | −$1.12 |
| EGI | $712.8k | $9.92 |
| − OpEx | −$213.8k | −$2.98 |
| NOI | $498.9k | $6.95 |
