Turn-Key Multi-Office
For Sale
$154,900
214 South Street, Jonesville, MI 49250
COMMERCIAL - Jonesville, MI
Property Size1,102 SF
Lot Size0.13 Acres
Price / SF$140.56
Days on Market158
Property Features for 214 South Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Jonesville
Middle school district
Jonesville
High school district
Jonesville
Directions
Downtown Jonesville - US-12 & M-99. South on M-99- West off of Maumee.
Standard status
Active
APN
21-060-001-108
Size
1,102 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Per legal at court house
Tax Annual Amount
2419
Legal Description
Per legal at court house
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1950
Number of units
1
Building materials
Brick, Stone
Roof type
Metal
Listing Agency:
Playford Real Estate
(517) 849-7622
Listed By:
Mary Playford
(517) 849-7622
Added: Feb 23
Changed: Jul 27
Last Checked: Jul 31 at 12:06AM
MLS# 26006502
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.
This turn-key commercial property is a multi-office building with a functional interior layout that includes four private offices, a kitchenette, a full bathroom, an additional restroom area, and a utility/storage room. The exterior features a brick facade and a metal roof, supported by asphalt parking.
The property is located in Jonesville’s Downtown Edge District near the M-99 & US-12 intersection, providing visibility and accessibility for day-to-day operations.
Recent mechanical updates include AC installed in 2021 and a hot water heater installed in 2024. A detailed room dimension sheet is available at the property for reference.
The property is located in Jonesville’s Downtown Edge District near the M-99 & US-12 intersection, providing visibility and accessibility for day-to-day operations.
Recent mechanical updates include AC installed in 2021 and a hot water heater installed in 2024. A detailed room dimension sheet is available at the property for reference.
Key Highlights
- 1,102 sq ft multi‑office commercial building with four private offices plus kitchenette and full bathroom
- Additional restroom area and utility/storage room for added functionality
- Brick and stone exterior with metal roof and asphalt parking
Financial Insights For Healthcare Medical
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 | $18.8k | $17.04 |
| − Vacancy | −$2.3k | −$2.13 |
| EGI | $16.4k | $14.91 |
| − OpEx | −$6.6k | −$5.96 |
| NOI | $9.9k | $8.95 |
1,102 SF · lease $17.04/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$140.8K
$123.2K – $164.3K
NOI $9,858 @ 7.0% cap · market cap 6.36%
Second Best
Office B
$136.4K
$119.3K – $159.1K
NOI $9,545 @ 7.0% cap · market cap 6.16%
Theoretical Best
Specialty Retail
$175.1K
$153.2K – $204.3K
NOI $12,257 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 49250, MI
5,994
Population
2,560
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
91%
High-School Grad
78.7 sq mi
ZIP Area
76
Density / Sq Mi
$61,918
Median Household Income
$40,625
Median Earnings
$774
Median Rent
$159,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Brick, metal-roofed office building with four private offices, kitchenette, and asphalt parking.
Where is this office building located?
The property is located at 214 South Street Jonesville, MI.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: 1,102 sq ft multi‑office commercial building with four private offices plus kitchenette and full bathroom; Additional restroom area and utility/storage room for added functionality; Brick and stone exterior with metal roof and asphalt parking
