Renovated Office Building with
2320 Francis Street, Jackson, MI 49203
For Sale
$350,000
Commercial Sale, Jackson, MI
Property Size1,824 SF
Lot Size0.72 Acres
Price / SF$191.89
Days on Market290
Property Features for 2320 Francis Street
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Amenities
vault
Building Details
Year built
Floors in Building
Number of units
Building materials
Buildings
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
FRED M HETHERWICK · License #6502120657
(517) 206-0459
Added: Jan 22
Changed: Oct 30
Last Checked: Nov 7 at 12:06AM
MLS# 26002701
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.
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Investment Insights
Based on property information with market context.
This renovated office building contains 1,824 square feet on a 0.72-acre parcel at 2320 Francis Street in Jackson, Michigan. The 1970 construction combines wood siding and brick, with a forced-air heating system and central air conditioning. Interior features include broadband access, and cable is available at the property.
A vault and detached garage add functional elements beyond the primary office structure. The building also includes two bathrooms, providing a defined office configuration for commercial use.
A vault and detached garage add functional elements beyond the primary office structure. The building also includes two bathrooms, providing a defined office configuration for commercial use.
Key Highlights
- Renovated 1,824‑square‑foot office building
- 0.72‑acre parcel at 2320 Francis Street, Jackson, MI 49203
- Vault included in the office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,287
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,740
$305.7K
Cap Rate 7%
$218,386
$218.4K
Cap Rate 9%
$169,856
$169.9K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$26.3K $14.40/SF
− Vacancy
−$5.9K −$3.23/SF
EGI
$20.4K $11.17/SF
− OpEx
−$5.1K −$2.79/SF
NOI
$15.3K $8.38/SF
Area
Jackson County, MI
Vacancy
22.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,740
Cap Rate 7%
$218,386
Cap Rate 9%
$169,856
Alternative Uses
Best Use
Office B
$218.4K
$191.1K – $254.8K
NOI $15,287 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.2K
$254.8K – $339.7K
NOI $20,382 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
153
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
$150,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Jackson, MI
Properties on Market for Office buildings in Jackson
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The property includes a detached garage, two bathrooms, broadband, and central air.
Where is this office building located?
The property is located at 2320 Francis Street Jackson, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Renovated 1,824‑square‑foot office building; 0.72‑acre parcel at 2320 Francis Street, Jackson, MI 49203; Vault included in the office building
