Flex Space with Clean
For Sale
$5,750,000
2021 Wellworth Avenue, Jackson, MI 49203
Commercial Sale, Jackson, MI
Property Size71,815 SF
Lot Size3.42 Acres
Price / SF$80.07
Days on Market883
Property Features for 2021 Wellworth Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-2
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 3, Bathroom 6, Bathroom 9, Bathroom 4, Bathroom 2, Bathroom 7, Bathroom 10, Bathroom 8, Bathroom 1, Bathroom 5
Parking
52
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Directions
Between South & High St off Losey Ave
Subdivision
Jackson County - JX
Standard status
Active
APN
5-2202.0500
Size
71,815 SF
Lot size
3.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
That part of Sec 12
Tax Annual Amount
132046
Legal Description
That part of Sec 12
Utilities
Utilities
Cable Available
Heating system
Space Heater, Heat Pump (Heating), Forced Air, Radiant
Cooling system
Central Air
Amenities
showroom
meeting/class rooms
break room
clean room
paint booth
compressed air
buss duct
generator
solar-tracking skylights
LED lighting
walking track
water feature
elevator
Building Details
Year built
2009
Floors in Building
2
Number of units
1
Building materials
Metal Siding
Roof type
Rubber, Metal
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
PHILLIP M MORGAN · License #6502108104
(517) 204-4385
Added: May 7, 2024
Changed: Sep 16
Last Checked: Oct 6 at 3:06AM
MLS# 24022283
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.
Located at 2021 Wellworth Avenue in Jackson, Michigan, this 71,815-square-foot flex facility was built in 2009 on 3.42 acres. The building includes a 1,745-square-foot showroom, 10,570 square feet of office space, and a 59,500-square-foot shop and warehouse area with 30-foot clear heights. Five grade-level docks, a paint booth, compressed air, buss duct, and a Bosch-certified clean room support a range of industrial functions.
The property includes a 1,200 Amp I-Line Square D panel with 480Y/277v 120v 3PH 4W service, whole-building generator, fire suppression, central air, multiple heating systems, and rubber and metal roofing. Energy Star certification, LED lighting with daylight harvesting and occupancy controls, solar-tracking skylights, and super multi-blanket insulation are also provided. Office improvements include meeting and classroom areas, a break room, elevator, and a glass-entry showroom. Highways, the airport, and rail facilities are described as accessible from the property.
The property includes a 1,200 Amp I-Line Square D panel with 480Y/277v 120v 3PH 4W service, whole-building generator, fire suppression, central air, multiple heating systems, and rubber and metal roofing. Energy Star certification, LED lighting with daylight harvesting and occupancy controls, solar-tracking skylights, and super multi-blanket insulation are also provided. Office improvements include meeting and classroom areas, a break room, elevator, and a glass-entry showroom. Highways, the airport, and rail facilities are described as accessible from the property.
Key Highlights
- 71,815‑square‑foot flex facility on 3.42 acres
- 59,500‑square‑foot shop and warehouse area with 30‑foot clear height
- Five grade‑level docks, paint booth, compressed air, and buss duct
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
Flex RnD
$9.64M
$8.43M – $11.24M
NOI $674,541 @ 7.0% cap · market cap 11.73%
Second Best
Warehouse
$8.65M
$7.57M – $10.10M
NOI $605,847 @ 7.0% cap · market cap 10.54%
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.
Property Analytics
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Current Use
Lease Details
30 ft
Clear height
5
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property combining production areas, administrative offices, and a dedicated showroom.
Where is this flex space located?
The property is located at 2021 Wellworth Avenue 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‑square‑foot flex facility on 3.42 acres; 59,500‑square‑foot shop and warehouse area with 30‑foot clear height; Five grade‑level docks, paint booth, compressed air, and buss duct
