Office Building with Open Floor
For Sale
$210,000
4515 Francis Street, Jackson, MI 49203
Commercial Sale, Jackson, MI
Property Size1,872 SF
Lot Size0.30 Acres
Price / SF$112.18
Days on Market41
Property Features for 4515 Francis Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bathroom 2
Parking
50
Interior features
Broadband
Elementary school district
Vandercook Lake
Middle school district
Vandercook Lake
High school district
Vandercook Lake
Directions
South end of Francis st in Vandercook Lake.
Standard status
Active
APN
200-13-23-176-001-00
Size
1,872 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 1, 2 AND 3 GOLFSIDE EXTENSION
Tax Annual Amount
3955
Legal Description
LOTS 1, 2 AND 3 GOLFSIDE EXTENSION
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1955
Floors in Building
1
Number of units
1
Building materials
Wood Siding, Brick
Roof type
Rubber
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
NATHAN LaZEBNIK · License #6501357434
(517) 795-0296
Added: Aug 27
Changed: Sep 16
Last Checked: Oct 6 at 1:06AM
MLS# 26045536
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 1,872-square-foot office building at 4515 Francis Street includes an open interior arrangement, extensive windows, two bathrooms, and a full partially finished basement. The basement adds storage or flexible secondary space. Constructed in 1955, the property features wood siding and brick construction, forced-air heating, central air, a rubber roof, and broadband capability.
The building is currently leased through Sept. 2027, providing an existing occupancy arrangement for the next owner. The property sits on a 0.3-acre parcel in Jackson, Michigan, with nearly 50 parking spaces available. Its prior use as a bank and current office configuration support continued commercial use, subject to applicable requirements.
The building is currently leased through Sept. 2027, providing an existing occupancy arrangement for the next owner. The property sits on a 0.3-acre parcel in Jackson, Michigan, with nearly 50 parking spaces available. Its prior use as a bank and current office configuration support continued commercial use, subject to applicable requirements.
Key Highlights
- 1,872‑square‑foot office building with an open interior layout
- Current lease runs through Sept. 2027
- Full partially finished basement for storage or flexible secondary space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,689
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,780
$313.8K
Cap Rate 7%
$224,129
$224.1K
Cap Rate 9%
$174,322
$174.3K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$27.0K $14.40/SF
− Vacancy
−$6.0K −$3.23/SF
EGI
$20.9K $11.17/SF
− OpEx
−$5.2K −$2.79/SF
NOI
$15.7K $8.38/SF
Area
Jackson County, MI
Vacancy
22.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,780
Cap Rate 7%
$224,129
Cap Rate 9%
$174,322
Alternative Uses
Best Use
Office B
$224.1K
$196.1K – $261.5K
NOI $15,689 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.8K
$261.5K – $348.6K
NOI $20,918 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Leased commercial property with basement storage and on-site parking.
Where is this office building located?
The property is located at 4515 Francis Street Jackson, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,872‑square‑foot office building with an open interior layout; Current lease runs through Sept. 2027; Full partially finished basement for storage or flexible secondary space
