Modern Industrial Facility with Eco-Friendly
For Sale
$5,750,000
2021 Wellworth, Jackson, MI 49203
71,815 sqft industrial facility with showroom, office, and warehouse space.
Property Size71,815 SF
Lot Size3.42 Acres
Price / SF$80.07
Days on Market883
Property Features for 2021 Wellworth
General Information
Standard status
Active
Size
71,815 SF
Lot size
3.42 Acres
Taxes and HOA fees
Annual Taxes
$132,045
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
PHILLIP M MORGAN · License #6502108104
(517) 204-4385
Source:
Exprealty
Added: May 7, 2024
Changed: Oct 2
Last Checked: Oct 6 at 12:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Reardon Realty, L.L.C.
Investment Insights
Based on property information with market context.
The property at 2021 Wellworth Street is a modern industrial facility situated on 3.42 acres in Jackson, Michigan. Constructed in 2009, the Energy Star rated building offers 71,815 square feet of flexible space suitable for industrial, warehousing, and office purposes. The layout includes a 1,745 sqft showroom, 10,570 sqft of office space, and a 59,500 sqft shop/warehouse area featuring 30-foot clear height ceilings and five grade-level docks. The facility is equipped with a 1200 Amp I-Line Square D Panel with 480Y/277v 120v 3PH 4W, a fire suppression system, LED lighting with daylight harvesting and occupancy controls, solar-tracking skylights, and insulation. The shop/warehouse contains buss duct, compressed air, and a paint booth. A whole building generator ensures continuous operation. Additional features include a Bosch certified clean room, administrative offices, meeting/class rooms, and a break room. The energy-efficient glass entry showroom includes a water feature and an elevator. A suspended 0.7mi walking track is also present. The property is accessible to newly improved highways, a federally expanded airport, and rail lines.
Key Highlights
- Large, flexible industrial space: 71,815 sqft including a 59,500 sqft shop/warehouse with 30‑foot ceilings.
- Eco‑friendly and energy‑efficient: Energy Star rated with LED lighting, daylight harvesting, solar‑tracking skylights, and super multi‑blanket insulation.
- High power capacity: 1200 Amp I‑Line Square D Panel.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$498,933
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,978,660
$10.0M
Cap Rate 7%
$7,127,614
$7.1M
Cap Rate 9%
$5,543,700
$5.5M
Market Conditions
NOI Build-Up for 71,815 SF
Gross rent
$792.8K $11.04/SF
− Vacancy
−$80.1K −$1.12/SF
EGI
$712.8K $9.92/SF
− OpEx
−$213.8K −$2.98/SF
NOI
$498.9K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,978,660
Cap Rate 7%
$7,127,614
Cap Rate 9%
$5,543,700
Alternative Uses
Best Use
Warehouse
$8.65M
$7.57M – $10.10M
NOI $605,847 @ 7.0% cap · market cap 10.54%
Second Best
Office B
$8.60M
$7.52M – $10.03M
NOI $601,867 @ 7.0% cap · market cap 10.47%
Theoretical Best
Office A
$11.46M
$10.03M – $13.37M
NOI $802,490 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
168
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial property - 71,815 sqft industrial facility with showroom, office, and warehouse space.
Where is this industrial property located?
The property is located at 2021 Wellworth Jackson, MI.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Large, flexible industrial space: **71,815 sqft including a 59,500 sqft shop/warehouse with 30‑foot ceilings.**; Eco‑friendly and energy‑efficient: Energy Star rated with LED lighting, daylight harvesting, solar‑tracking skylights, and super multi‑blanket insulation.; High power capacity: 1200 Amp I‑Line Square D Panel.**
