Light Industrial Building with
For Sale
$1,300,000
287 Jackson Plaza, Ann Arbor, MI 48103
12,000 SF light industrial building with 2,500 SF of office space and a warehouse featuring multiple drive-in and garage doors.
Property Size12,000 SF
Price / SF$108.33
Days on Market119
Property Features for 287 Jackson Plaza
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Industrial
Zoning
Limited Industrial (I-1).
Listing Agency:
Swisher Commercial
Listed By:
Bart Wise · License #MI #6502101921
(734) 358-0354
Source:
Swishercommercial
Added: Jun 23
Changed: Oct 11
Last Checked: Oct 19 at 5:50AM
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 Swisher Commercial
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Investment Insights
Based on property information with market context.
287 Jackson Plaza is a 12,000 SF light industrial building that combines approximately 2,500 SF of office space with about 9,500 SF of warehouse area. The warehouse is served by seven 10' x 12' garage doors and two 10' x 14' garage doors, as well as six drive-in doors designed to allow trucks to pull directly inside for loading and unloading. Ceiling heights range from 15 to 20 feet, and the building includes a steel roof. Electrical service includes 200 amps of 3-phase 480V power, and the office areas are air conditioned, with portions of the warehouse partially conditioned as well.
The property is situated on 2.8 acres in Scio Township and provides ample parking and efficient truck circulation. The site is zoned I-1, supporting a range of light industrial, service, fabrication, and contractor-related uses.
The sale includes a multi-tenant setup with four tenants in place and lease expirations in 2028 and 2029. One approximately 4,000 SF suite is currently available for an owner-user or new tenant, and a rent roll is available upon request.
The property is situated on 2.8 acres in Scio Township and provides ample parking and efficient truck circulation. The site is zoned I-1, supporting a range of light industrial, service, fabrication, and contractor-related uses.
The sale includes a multi-tenant setup with four tenants in place and lease expirations in 2028 and 2029. One approximately 4,000 SF suite is currently available for an owner-user or new tenant, and a rent roll is available upon request.
Key Highlights
- 12,000 SF light industrial building with 2,500 SF office and 9,500 SF warehouse
- Warehouse loading flexibility: seven 10' x 12' and two 10' x 14' garage doors plus six drive‑in doors
- Warehouse ceiling heights of 15 to 20 feet for functional industrial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,379
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,287,580
$2.3M
Cap Rate 7%
$1,633,986
$1.6M
Cap Rate 9%
$1,270,878
$1.3M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$187.2K $15.60/SF
− Vacancy
−$11.2K −$0.94/SF
EGI
$176.0K $14.66/SF
− OpEx
−$61.6K −$5.13/SF
NOI
$114.4K $9.53/SF
Area
Ann Arbor, MI
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,287,580
Cap Rate 7%
$1,633,986
Cap Rate 9%
$1,270,878
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.25M
NOI $134,816 @ 7.0% cap · market cap 10.37%
Second Best
Flex RnD
$1.63M
$1.43M – $1.91M
NOI $114,379 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,518 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48103, MI
55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - 12,000 SF light industrial building with 2,500 SF of office space and a warehouse featuring multiple drive-in and garage doors.
Where is this flex space located?
The property is located at 287 Jackson Plaza Ann Arbor, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 12,000 SF light industrial building with 2,500 SF office and 9,500 SF warehouse; Warehouse loading flexibility: seven 10' x 12' and two 10' x 14' garage doors plus six drive‑in doors; Warehouse ceiling heights of 15 to 20 feet for functional industrial use
