Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    209 E Washington Ave Jackson, MI 49201

    Sponsored
    For Lease
    $9 SF/Yr

    Office - Jackson, MI

    Type:Office
    Property size:
    230,432 SF
    Lot size:
    5.29 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 20 at 3:06 am

    Property Features for 209 E Washington Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    5-007500000
    Parking
    1200
    Parking features
    Paved or Surfaced
    Size
    230,432 SF
    Lot size
    5.29 Acres

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    SUSAN M MOHLMAN

    Sproat Realty Professionals-J (517) 589-9677

    Listing agent SUSAN M MOHLMAN (517) 589-9677 License #6502111869

    Listing date Feb 16, 2026

    MLS# 26005578 Listing URL

    Copyright © 2026 Jackson Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Jackson Office Space For Rent

    This office property, located in Jackson, Michigan, offers a substantial space of 230432 square feet for rent. Situated on a 5.29-acre lot, the property is suitable for various office-related purposes. The building is located in Jackson, MI 49201.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.402397
    Latitude
    42.245125

    Nearby Similar for Lease

    • $18 SF/Yr
      1,800 SF

      Office Space in Jackson, MI

      Office space available for lease in Jackson, Michigan.
      300 W Washington Ave, Jackson, MI 49201
      View Details
    • $18 SF/Yr
      1,800 SF

      Renovated Commercial Suite in Jackson

      Main-level commercial suite in Jackson's central business district.
      300 W Washington Ave Unit, Jackson, MI 49201
      View Details
    • $15 SF/Yr
      1,000 SF

      Office Space in Jackson, MI

      Office space available for lease in Jackson, Michigan.
      300 W Washington Ave, Jackson, MI 49201
      View Details
    • $15 SF/Yr
      1,000 SF

      Renovated Commercial Suite in Jackson

      Move-in ready suite in Jackson's central business district.
      300 W Washington Ave, Jackson, MI 49201
      View Details
    • $18 SF/Yr
      1,600 SF

      Office Space in Jackson, MI

      Office space available for lease in Jackson, Michigan.
      300 W Washington Ave, Jackson, MI 49201
      View Details
    • $15 SF/Yr
      1,200 SF

      Office Space in Jackson, MI

      Office space available for lease in Jackson, Michigan.
      300 W Washington Ave, Jackson, MI 49201
      View Details
    • $18 SF/Yr
      1,600 SF

      Renovated Commercial Suite in Jackson

      Move-in ready commercial suite in Jackson's central business district.
      300 W Washington Ave, Jackson, MI 49201
      View Details
    • $15 SF/Yr
      1,200 SF

      Renovated Office Suite in Jackson

      Move-in ready office suite in Jackson's central business district.
      300 W Washington Ave, Jackson, MI 49201
      View Details
    • $15 SF/Yr
      1,200 SF

      Office Space in Jackson, MI

      Office space available for lease in Jackson, Michigan.
      300 W Washington Ave, Jackson, MI 49201
      View Details
    • $15 SF/Yr
      1,200 SF

      Renovated Office Suite in Jackson

      Move-in ready commercial suite in central business district.
      300 W Washington Ave, Jackson, MI 49201
      View Details
    • $18 SF/Yr
      400 SF

      Office Space in Jackson, MI

      400 SF office space for lease in Jackson, MI.
      300 W Washington Ave, Jackson, MI 49201
      View Details
    • $18 SF/Yr
      400 SF

      Renovated Office Suite in Jackson

      Move-in ready office suite in central business district.
      300 W Washington Ave, Jackson, MI 49201
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with ample space in Jackson, Michigan.
    Where is this office building located?
    The property is located at 209 E Washington Ave Jackson, MI.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - Natural gas heating for efficient warmth.; - Hot water heating system in place.; - Paved or surfaced parking available.
    (517) 206-3332
    Request Owner's contact information
    209 E Washington Ave Jackson, MI 49201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    209 E Washington Ave
    Jackson, MI 49201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 E Washington Ave Jackson, MI 49201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    SUSAN M MOHLMAN
    Real Estate License ID: 6502111869
    (517) 206-3332 (517) 589-9677
    Learn more
    Google sign-in failed. Please try again or use another login method.