Modern Industrial Facility in
For Sale
Contact for pricing
2021 Wellworth Ave, Jackson, MI 49203
Eco-friendly industrial facility with flexible spaces for various business needs.
Property Size71,815 SF
Lot Size3.42 Acres
Price / SF$80.07
Days on Market892
Property Features for 2021 Wellworth Ave
General Information
Standard status
Active
Size
71,815 SF
Class
A
Total Parking Spaces
52
Lot size
3.42 Acres
Property subtype
Industrial, Office
Zoning
I-2
Building Details
Year Built
2009
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Good Earth Real Estate LLC
Listed By:
Phil Morgan · License #MI 6502108104
(517) 782-2024
Source:
Crexi
Added: May 8, 2024
Changed: Oct 15
Last Checked: Oct 14 at 10:11PM
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 Good Earth Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Jackson, Michigan, the industrial facility at 2021 Wellworth St. offers 71,815 square feet of flexible space suitable for industrial, warehousing, and office purposes. Constructed in 2009, the property is situated on 3.42 acres. The floor plan includes a 1,745-square-foot showroom, 10,570 square feet of office space, and a 59,500-square-foot shop/warehouse area featuring 30-foot clear height ceilings and five grade-level docks. The building has an Energy Star rating and incorporates features such as LED lighting with daylight harvesting and occupancy controls, solar-tracking skylights, and insulation. The shop/warehouse is equipped with buss duct, compressed air, and a paint booth. A whole-building generator ensures operational power. Additional features include a Bosch-certified clean room, a fire suppression system, and a 1200 Amp I-Line Square D Panel with 480Y/277v 120v 3PH 4W. The property also includes offices with administrative features, meeting/class rooms, and a break room. The showroom features a water feature and an elevator. A suspended 0.7-mile walking track is also present. The location provides accessibility to highways, an expanded airport, and rail transport.
Key Highlights
- 71,815 sqft eco‑friendly building on 3.42 acres, suitable for industrial, warehousing, and office use.
- Energy Star rated with LED lighting, solar‑tracking skylights, and super multi‑blanket insulation.
- Large shop/warehouse (59,500 sqft) with 30‑foot clear height ceilings, 5 grade‑level docks**, buss duct, compressed air, and a paint booth.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$498,933
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,978,660
$10.0M
Cap Rate 7%
$7,127,614
$7.1M
Cap Rate 9%
$5,543,700
$5.5M
Market Conditions
NOI Build-Up for 71,815 SF
Gross rent
$792.8K $11.04/SF
− Vacancy
−$80.1K −$1.12/SF
EGI
$712.8K $9.92/SF
− OpEx
−$213.8K −$2.98/SF
NOI
$498.9K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,978,660
Cap Rate 7%
$7,127,614
Cap Rate 9%
$5,543,700
Alternative Uses
Best Use
Warehouse
$8.65M
$7.57M – $10.10M
NOI $605,847 @ 7.0% cap · market cap 10.54%
Second Best
Industrial
$7.13M
$6.24M – $8.32M
NOI $498,933 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$11.46M
$10.03M – $13.37M
NOI $802,490 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Eco-friendly industrial facility with flexible spaces for various business needs.
Where is this manufacturing property located?
The property is located at 2021 Wellworth Ave Jackson, MI.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 71,815 sqft eco‑friendly building on 3.42 acres, suitable for industrial, warehousing, and office use.; Energy Star rated with **LED lighting, solar‑tracking skylights, and super multi‑blanket insulation.**; Large shop/warehouse (59,500 sqft) with 30‑foot clear height ceilings, 5 grade‑level docks**, buss duct, compressed air, and a paint booth.
