Updated Office
For Sale
$985,000
110 1st Street, Jackson, MI 49201
Commercial Sale, Jackson, MI
Property Size9,962 SF
Lot Size0.79 Acres
Price / SF$98.88
Days on Market48
Property Features for 110 1st Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C-3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking
53
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Standard status
Active
APN
3-0059.3000
Size
9,962 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
0060.1, 0063, 0065, 0068, 0069 0058.2, 0059.1 LOT 1, ALL OF LOT 6 EX N 22 FT OF W 1/2, ALSO ALL THAT PART OF FOLLOWING:
Tax Annual Amount
17260
Legal Description
0060.1, 0063, 0065, 0068, 0069 0058.2, 0059.1 LOT 1, ALL OF LOT 6 EX N 22 FT OF W 1/2, ALSO ALL THAT PART OF FOLLOWING:
Utilities
Utilities
Phone Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Rubber
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
PHILLIP M MORGAN
(517) 204-4385
Added: Sep 8
Changed: Oct 8
Last Checked: Oct 25 at 7:06PM
MLS# 26047620
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,962-square-foot office building sits on 0.79 acres and was constructed in 1977. The brick property has been updated and includes forced-air heating, central air, a rubber roof, phone availability, and three bathrooms. Its layout supports continued multi-tenant use while allowing flexibility for an owner-user.
Located at 110 1st Street in Downtown Jackson, the building is currently 100% occupied by two established tenants: a US Congressman's office and a professional accounting firm. The leases generate a 14% cap rate. The accounting firm is willing to relocate if a new owner requires space, creating the possibility of combining business operations with ongoing rental income.
Located at 110 1st Street in Downtown Jackson, the building is currently 100% occupied by two established tenants: a US Congressman's office and a professional accounting firm. The leases generate a 14% cap rate. The accounting firm is willing to relocate if a new owner requires space, creating the possibility of combining business operations with ongoing rental income.
Key Highlights
- 9,962‑square‑foot office building on 0.79 acres
- 100% occupied by two established tenants
- Leases generate a 14% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,490
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,669,800
$1.7M
Cap Rate 7%
$1,192,714
$1.2M
Cap Rate 9%
$927,667
$927.7K
Market Conditions
NOI Build-Up for 9,962 SF
Gross rent
$143.5K $14.40/SF
− Vacancy
−$32.1K −$3.23/SF
EGI
$111.3K $11.17/SF
− OpEx
−$27.8K −$2.79/SF
NOI
$83.5K $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%
$1,669,800
Cap Rate 7%
$1,192,714
Cap Rate 9%
$927,667
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,490 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,319 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 49201, MI
47,747
Population
18,102
Households
2.6
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
155.0 sq mi
ZIP Area
308
Density / Sq Mi
$71,714
Median Household Income
$36,390
Median Earnings
$945
Median Rent
$202,900
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
Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office property with two tenants, updated interiors, and potential for owner occupancy.
Where is this office building located?
The property is located at 110 1st Street Jackson, MI.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 9,962‑square‑foot office building on 0.79 acres; 100% occupied by two established tenants; Leases generate a 14% cap rate
