Flex Space With Garage
For Sale
$399,900
2000 W Ganson Street, Jackson, MI 49202
Commercial Sale, Jackson, MI
Property Size2,640 SF
Lot Size0.55 Acres
Price / SF$151.48
Days on Market92
Property Features for 2000 W Ganson Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Parking
20
Interior features
Broadband
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Directions
Ganson St to Lowell Ave
Standard status
Active
APN
000-08-33-128-007-00
Size
2,640 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 9, 10, 11, 12, 13 HIGHLAND PARK SUBDIVISION
Tax Annual Amount
4358
Legal Description
LOTS 9, 10, 11, 12, 13 HIGHLAND PARK SUBDIVISION
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Building materials
Vinyl Siding, Brick, Metal Siding
Listing Agency:
Coldwell Banker Beiswanger Realty Group
(517) 435-1500
Listed By:
Jordon Jarrett · License #6501378237
(517) 795-6044
Added: Jun 8
Changed: Sep 7
Last Checked: Sep 7 at 9:06PM
MLS# 26027732
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.
Investment Insights
Based on property information with market context.
This 2,640-square-foot flex property, built in 1980, includes an office/showroom area, multiple garage bays, three bathrooms, and outdoor space suited to storage. The building has vinyl, brick, and metal siding, with forced-air heat, wall-unit cooling, broadband, and cable availability.
The property occupies 0.55 acres at 2000 W Ganson Street in Jackson, Michigan. Its paved corner lot provides parking, street frontage, and access to the surrounding commercial area. The layout brings together enclosed workspace and exterior yard area, supporting a range of operational configurations within a compact commercial site.
The property occupies 0.55 acres at 2000 W Ganson Street in Jackson, Michigan. Its paved corner lot provides parking, street frontage, and access to the surrounding commercial area. The layout brings together enclosed workspace and exterior yard area, supporting a range of operational configurations within a compact commercial site.
Key Highlights
- 2,640‑square‑foot flex property on 0.55 acres
- Office/showroom area with multiple garage bays
- Paved corner lot with ample parking and outdoor storage area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,797
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$495,940
$495.9K
Cap Rate 7%
$354,243
$354.2K
Cap Rate 9%
$275,522
$275.5K
Market Conditions
NOI Build-Up for 2,640 SF
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.
Gross rent
$42.8K $16.20/SF
− Vacancy
−$4.6K −$1.75/SF
EGI
$38.1K $14.45/SF
− OpEx
−$13.4K −$5.06/SF
NOI
$24.8K $9.39/SF
Area
Jackson County, MI
Vacancy
10.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$495,940
Cap Rate 7%
$354,243
Cap Rate 9%
$275,522
Alternative Uses
Best Use
Flex RnD
$354.2K
$310.0K – $413.3K
NOI $24,797 @ 7.0% cap · market cap 6.20%
Second Best
Industrial
$262.0K
$229.3K – $305.7K
NOI $18,341 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$421.4K
$368.8K – $491.7K
NOI $29,500 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49202, MI
19,359
Population
9,598
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$41,916
Median Household Income
$30,638
Median Earnings
$915
Median Rent
$104,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Corner-lot commercial property combines showroom space, garage bays, parking, and outdoor storage area.
Where is this flex space located?
The property is located at 2000 W Ganson Street Jackson, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,640‑square‑foot flex property on 0.55 acres; Office/showroom area with multiple garage bays; Paved corner lot with ample parking and outdoor storage area
