Downtown Jackson Office/Multifamily
400 S Jackson St Jackson, MI 49201
400 S Jackson St, Jackson, MI, 49201
$325,000
For Sale
$325,000
2,064 SF office/multifamily building in downtown Jackson.
Property Size2,064 SF
Price / SF$157.46
Days on Market107
Property Features for 400 S Jackson St
General Information
- Standard status
- Active
- Size
- 2,064 SF
- Property subtype
- Office
Listing agency
Swisher Commercial
(734) 223-0278
Listed by
Scott Schmunk · License #MI #6506039255
(734) 223-0278
Source
Swishercommercial
Added: Apr 7 Updated: Jul 10 at 3:56PM Checked: Jul 22 at 3:29AM
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 Swisher Commercial
Investment Insights
Based on property information with market context.
The property at 400 S Jackson Street is a 2,064 square foot, two-story office/multifamily building located in downtown Jackson. The layout includes six private offices and a conference room. Large windows provide natural light. The building features three bathrooms, including one full bath, and basement storage. Onsite parking is available. An irrigation system is present. The property is located across from the courthouse.
Key Highlights
- Located in downtown Jackson, across from the courthouse
- 2,064 SF office/multifamily building
- Six private offices and a dedicated conference room
Local Financial Insights For Office B
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 | $29.7k | $14.40 |
| − Vacancy | −$6.7k | −$3.23 |
| EGI | $23.1k | $11.17 |
| − OpEx | −$5.8k | −$2.79 |
| NOI | $17.3k | $8.38 |
2,064 SF · lease $14.40/SF/yr · vacancy 22.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$247.1K
$216.2K – $288.3K
NOI $17,298 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.5K
$288.3K – $384.4K
NOI $23,064 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 2,064 SF office/multifamily building in downtown Jackson.
Where is this office building located?
The property is located at 400 S Jackson St Jackson, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Located in downtown Jackson, across from the courthouse; 2,064 SF office/multifamily building; Six private offices and a dedicated conference room
