Medical Office
2009 W Michigan Ave, Jackson, MI 49202
For Sale
$425,000
Purpose-built clinical layout across from Westwood Mall with dedicated parking and professional office functionality.
Property Size1,865 SF
Price / SF$227.88
Days on Market56
Property Features for 2009 W Michigan Ave
General Information
Standard status
Size
Total Parking Spaces
Building Details
Year Built
Buildings
Building Size
Listing Agency:
ERA Reardon Realty, L.L.C.
Listed By:
Mike Kanser, TIMOTHY J ATKINS
Source:
Katie-k
Added: Sep 15
Changed: Oct 26
Last Checked: Nov 8 at 12:11PM
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.
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Investment Insights
Based on property information with market context.
Built in 1980, this 1,865-square-foot medical office property at 2009 W Michigan Ave in Jackson, MI, is arranged for clinical and administrative operations. The floor plan includes a reception area, two private offices, four exam rooms, a laboratory, two restrooms, a rear office, and a kitchenette. Two exam rooms include sinks, while the lab connects through a pass-through to the second restroom for sample handling.
The property includes 16 on-site parking spaces and sits across from Westwood Mall on W Michigan Ave. Its room configuration supports medical office use while also providing private work areas and staff amenities within the same building.
The property includes 16 on-site parking spaces and sits across from Westwood Mall on W Michigan Ave. Its room configuration supports medical office use while also providing private work areas and staff amenities within the same building.
Key Highlights
- 1,865‑square‑foot medical office property built in 1980
- Four exam rooms, including two with sinks
- Laboratory with pass‑through to the second restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,037
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,740
$340.7K
Cap Rate 7%
$243,386
$243.4K
Cap Rate 9%
$189,300
$189.3K
Market Conditions
NOI Build-Up for 1,865 SF
Gross rent
$32.5K $17.40/SF
− Vacancy
−$4.1K −$2.18/SF
EGI
$28.4K $15.22/SF
− OpEx
−$11.4K −$6.09/SF
NOI
$17.0K $9.13/SF
Area
Jackson County, MI
Vacancy
12.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,740
Cap Rate 7%
$243,386
Cap Rate 9%
$189,300
Alternative Uses
Best Use
Healthcare Medical
$243.4K
$213.0K – $284.0K
NOI $17,037 @ 7.0% cap · market cap 4.01%
Second Best
Office B
$223.3K
$195.4K – $260.5K
NOI $15,630 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$297.7K
$260.5K – $347.3K
NOI $20,840 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Well-served
Demand for This Use
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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
$104,100
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Jackson, MI
Properties on Market for Medical Office Space in Jackson
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Gorczyca Patrick J DVM — 2300 Wildwood Ave, Jackson, MI 49202
- Fassero R Sheila DVM — 2300 Wildwood Ave, Jackson, MI 49202
- Halstead Tim DVM — 2300 wildwood ave, jackson, mi 49202
- Lakomowski Jennifer DVM — 2300 Wildwood Ave, Jackson, MI 49202, United States
- Engelter Rebecca DVM — 2300 Wildwood Ave, Jackson, MI 49202, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built clinical layout across from Westwood Mall with dedicated parking and professional office functionality.
Where is this medical office space located?
The property is located at 2009 W Michigan Ave Jackson, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,865‑square‑foot medical office property built in 1980; Four exam rooms, including two with sinks; Laboratory with pass‑through to the second restroom
