Office Building with Original
115 E Michigan Avenue, Grass Lake, MI 49240
For Sale
$299,900
Under Contract
Commercial Sale, Grass Lake, MI
Property Size2,640 SF
Lot Size0.07 Acres
Price / SF$113.60
Days on Market300
Property Features for 115 E Michigan Avenue
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
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Taxes and HOA fees
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Tax Annual Amount
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Utilities
Utilities
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Building Details
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Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Century 21 Affiliated - Jackson
(517) 888-0050
Listed By:
Logan Everett · License MI #6501411675
(517) 775-1388
Added: Jan 15
Changed: Oct 30
Last Checked: Nov 10 at 2:06AM
MLS# 26001804
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.
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,640-square-foot office building occupies a 0.07-acre parcel at 115 E Michigan Avenue in Grass Lake. The main level includes granite and marble finishes, high ceilings, a restroom, and a private executive office. The upper floor provides space for a kitchenette, half bath, and utility or storage functions, while the basement contains maintained mechanical systems and is configured for a security system.
The property retains a large original vault and a separate drop-box vault at the front entrance. Two dedicated parking spaces are located behind the building. Concrete and brick construction, baseboard heat, central air, cable availability, and a rubber roof complete the physical profile.
The property retains a large original vault and a separate drop-box vault at the front entrance. Two dedicated parking spaces are located behind the building. Concrete and brick construction, baseboard heat, central air, cable availability, and a rubber roof complete the physical profile.
Key Highlights
- 2,640‑square‑foot office building on a 0.07‑acre parcel
- Large original vault plus a separate front‑entry drop‑box vault
- Granite and marble finishes with high ceilings on the main level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,125
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,500
$442.5K
Cap Rate 7%
$316,071
$316.1K
Cap Rate 9%
$245,833
$245.8K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$38.0K $14.40/SF
− Vacancy
−$8.5K −$3.23/SF
EGI
$29.5K $11.17/SF
− OpEx
−$7.4K −$2.79/SF
NOI
$22.1K $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%
$442,500
Cap Rate 7%
$316,071
Cap Rate 9%
$245,833
Alternative Uses
Best Use
Office B
$316.1K
$276.6K – $368.8K
NOI $22,125 @ 7.0% cap · market cap 7.38%
Second Best
Retail
$260.1K
$227.6K – $303.4K
NOI $18,206 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$421.4K
$368.8K – $491.7K
NOI $29,500 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
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Business Placement
Demographics for 49240, MI
9,213
Population
4,050
Households
2.3
Avg Household Size
45
Median Age
33%
College-Educated
97%
High-School Grad
104.1 sq mi
ZIP Area
89
Density / Sq Mi
$95,307
Median Household Income
$49,705
Median Earnings
$1,178
Median Rent
$272,300
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Jackson County, MI
Properties on Market for Office buildings in Jackson County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Granite and marble finishes, high ceilings, rear parking, and a basement support a distinctive office setting.
Where is this office building located?
The property is located at 115 E Michigan Avenue Grass Lake, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,640‑square‑foot office building on a 0.07‑acre parcel; Large original vault plus a separate front‑entry drop‑box vault; Granite and marble finishes with high ceilings on the main level
