227 E State Street, Hanover, MI 49241
COMMERCIAL - Hanover, MI
- Added:
- May 4, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 22 at 7:06 am
Property Features for 227 E State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 000-17-28-126-002-00
- Size
- 2,079 SF
- Lot size
- 1.67 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- BEG AT A PT IN THE N LN OF SEC 28, 352 FT E OF THE INTERSECTION OF W 1/8 LN WITH THE N SEC LN TH E 275 FT TH S 297 FT TH
- Tax Annual Amount
- 2840
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Composition
Listing agent Jill Baker License #6501437282 (517) 745-3114
Listing office ERA Reardon Realty, L.L.C. 910 N West Ave, Jackson, MI (517) 782-2996
Listing date May 4, 2026
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.
HighLights
- Turnkey commercial opportunity in a high‑visibility location.
- Over 2,000 sq ft of versatile space on a 1.5+ acre lot.
- Suitable for a wide range of business types (office, retail, fitness, daycare, etc.).
- Ample outdoor space for parking, expansion, or outdoor programming.
- Features a newer roof and a newer 10' x 16' storage shed.
- Includes two‑zone heating, central air, two bathrooms, and a functional kitchen area.
Overview
Local Financial Insights For Office B
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 | $29.9k | $14.40 |
| − Vacancy | −$6.7k | −$3.23 |
| EGI | $23.2k | $11.17 |
| − OpEx | −$5.8k | −$2.79 |
| NOI | $17.4k | $8.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hanover
- County
- Jackson
- State
- Michigan
- Longitude
- -84.549866
- Latitude
- 42.100574
