1217 Greenwood Avenue Jackson, MI 49203
2200 Sq Ft commercial building suitable for office or retail.
- Added:
- Jun 13, 2024
- Days on Market:
- 759
- Last Refresh:
- May 20 at 12:16 am
Property Features for 1217 Greenwood Avenue
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Lot size
- 0.48 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1960
Listing office HOWARD HANNA REAL ESTATE SERVI (517) 812-1641
Listing date Jun 13, 2024
Source Exitrealty
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 HOWARD HANNA REAL ESTATE SERVI
Investment Insights
Based on property information with market context.
Key Highlights
- Prime Location: Flat Iron District, minutes from downtown & Ella Sharp Park.
- High Visibility: Frontage on both Greenwood Ave & First St.
- Ample Parking: Great parking for customers and staff.
Local 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 | $38.3k | $17.40 |
| − Vacancy | −$4.8k | −$2.18 |
| EGI | $33.5k | $15.22 |
| − OpEx | −$13.4k | −$6.09 |
| NOI | $20.1k | $9.13 |
