143 W Prospect Street, Jackson, MI 49203
COMMERCIAL - Jackson, MI
- Added:
- May 6, 2023
- Days on Market:
- 1137
- Last Refresh:
- Jun 15 at 3:06 pm
Property Features for 143 W Prospect Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 2, Bathroom 1
- Parking
- 7
- Standard status
- Active
- APN
- 4-165400000
- Size
- 1,332 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- Lot 15
- Tax Annual Amount
- 2605
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Composition
Listing agent JESSIE KOEBBE-WOOD License #6501326900 (517) 787-9800
Listing office Howard Hanna Real Estate Services 2131 Ferguson Rd Ste116, Jackson, MI (517) 787-9800
Listing date May 6, 2023
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.
HighLights
- Solid brick building built in 1940 with forced air heat and central air conditioning
- Roof is composition shingle (noted as newer in the remarks)
- Business‑ready layout includes a waiting room, appointment area, office, and 4 exam rooms
- Includes 2 half baths plus additional bathroom space (Bathrooms 1 and 2) and a basement
- Corner lot with plenty of parking
- Bus stop located in front of the building
Overview
The site is a corner lot and includes plenty of parking for visitors and staff. A bus stop is located in front of the building, which can be convenient for transit access.
For buyers looking for a turn-key structure that already reflects a clinical workflow, the existing exam room and waiting/appointment components reduce the amount of redesign needed to operate a similar business. The office and bathroom layout supports day-to-day use, while the basement offers additional finished or storage options depending on the buyer’s intended buildout plans. The property’s general business use is noted, making it suitable to evaluate for a range of professional services beyond medical, subject to applicable requirements.
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 | $23.2k | $17.40 |
| − Vacancy | −$2.9k | −$2.18 |
| EGI | $20.3k | $15.22 |
| − OpEx | −$8.1k | −$6.09 |
| NOI | $12.2k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Jackson
- State
- Michigan
- Longitude
- -84.405911
- Latitude
- 42.227131
