Medical Office
For Sale
$450,000
2009 W Michigan Avenue, Jackson, MI 49202
Office building with four exam rooms, dedicated lab space, and on-site parking for professional and medical use.
Property Size1,865 SF
Price / SF$241.29
Days on Market121
Property Features for 2009 W Michigan Avenue
General Information
Standard status
Active
Size
1,865 SF
Total Parking Spaces
16
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 416-6570
Listed By:
Mike Kanser · License #ML6501392301
(517) 416-6570
Source:
Sabudarealty
Added: Apr 6
Changed: Jul 22
Last Checked: Aug 3 at 1:08PM
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.
This medical office building offers a practical patient-and-staff layout designed for professional services. The interior includes a spacious reception area, two private offices, and a restroom, along with four exam rooms, two of which include sinks. A dedicated lab is also present, with a pass-through to a second restroom for sample handling. Additional space includes an extra office and a kitchenette in the rear.
The property is located at 2009 W Michigan Avenue in Summit Township, MI 49202. Public remarks note the building’s high-visibility position and that it sits across from Westwood Mall, supported by a description of excellent exposure on a high-traffic street.
For parking, the building provides 16 on-site spaces, supporting convenient access for staff and visitors.
The property is located at 2009 W Michigan Avenue in Summit Township, MI 49202. Public remarks note the building’s high-visibility position and that it sits across from Westwood Mall, supported by a description of excellent exposure on a high-traffic street.
For parking, the building provides 16 on-site spaces, supporting convenient access for staff and visitors.
Key Highlights
- 1,865 SF commercial building built in 1980 on Michigan Ave.
- Medical/professional layout includes a reception area, two private offices, restroom, and an additional rear office and kitchenette.
- Four exam rooms, including two with sinks.
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 | $32.5k | $17.40 |
| − Vacancy | −$4.1k | −$2.18 |
| EGI | $28.4k | $15.22 |
| − OpEx | −$11.4k | −$6.09 |
| NOI | $17.0k | $9.13 |
1,865 SF · lease $17.40/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$243.4K
$213.0K – $284.0K
NOI $17,037 @ 7.0% cap · market cap 3.79%
Second Best
Office B
$223.3K
$195.4K – $260.5K
NOI $15,630 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$297.7K
$260.5K – $347.3K
NOI $20,840 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,600
Businesses Nearby
Balanced
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 Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office building with four exam rooms, dedicated lab space, and on-site parking for professional and medical use.
Where is this medical office space located?
The property is located at 2009 W Michigan Avenue Jackson, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,865 SF commercial building built in 1980 on Michigan Ave.; Medical/professional layout includes a reception area, two private offices, restroom, and an additional rear office and kitchenette.; Four exam rooms, including two with sinks.
