Class A Office
For Sale
$1,100,000
301 N Jackson St, Jackson, MI 49201
2021 office property combines a leased bank suite with a separate office suite available at closing.
Property Size7,280 SF
Price / SF$151.10
Days on Market88
Property Features for 301 N Jackson St
General Information
Standard status
Active
Size
7,280 SF
Net Rentable
4,057 SF
Class
Class A
Total Parking Spaces
52
Property subtype
Commercial
Amenities
building signage
Building Details
Year Built
2021
Tenancy
Multi
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Jodi K Milks · License #6506044331
Source:
Vmrealestatemichigan
Added: Jun 4
Changed: Aug 29
Last Checked: Aug 25 at 8:08AM
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 NAI Wisinski of West Michigan
Investment Insights
Based on property information with market context.
Completed in 2021, this 7,280 SF Class A office building was originally developed as a bank branch and is structured for both occupancy and investment. Fifth Third Bank is expected to lease 4,057 RSF under a new 10-year term, while the remaining 3,223 RSF front office suite will be available upon closing. The configuration supports an owner-user seeking additional income or an investor acquiring a partially leased asset.
The property provides 52 on-site parking spaces, supplemental public street parking, and signage opportunities for both occupants. Its downtown Jackson setting places the building near Consumers Energy headquarters, Jackson County offices, Henry Ford Health, and Jackson College. The space is suited to professional office, medical, and service-oriented operations.
The property provides 52 on-site parking spaces, supplemental public street parking, and signage opportunities for both occupants. Its downtown Jackson setting places the building near Consumers Energy headquarters, Jackson County offices, Henry Ford Health, and Jackson College. The space is suited to professional office, medical, and service-oriented operations.
Key Highlights
- 7,280 SF Class A office building constructed in 2021
- Fifth Third Bank lease planned for 4,057 RSF with a new 10‑year term
- 3,223 RSF front office suite available upon closing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,169
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,383,380
$1.4M
Cap Rate 7%
$988,129
$988.1K
Cap Rate 9%
$768,544
$768.5K
Market Conditions
NOI Build-Up for 7,280 SF
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.
Gross rent
$100.5K $13.80/SF
− Vacancy
−$8.2K −$1.13/SF
EGI
$92.2K $12.67/SF
− OpEx
−$23.1K −$3.17/SF
NOI
$69.2K $9.50/SF
Area
Jackson County, MI
Vacancy
8.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,383,380
Cap Rate 7%
$988,129
Cap Rate 9%
$768,544
Alternative Uses
Best Use
Specialty Retail
$988.1K
$864.6K – $1.15M
NOI $69,169 @ 7.0% cap · market cap 6.29%
Second Best
Office B
$871.6K
$762.7K – $1.02M
NOI $61,012 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,350 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
Explore this area
Business Placement
Demographics for 49201, MI
47,747
Population
18,102
Households
2.6
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
155.0 sq mi
ZIP Area
308
Density / Sq Mi
$71,714
Median Household Income
$36,390
Median Earnings
$945
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 2021 office property combines a leased bank suite with a separate office suite available at closing.
Where is this office building located?
The property is located at 301 N Jackson St Jackson, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7,280 SF Class A office building constructed in 2021; Fifth Third Bank lease planned for 4,057 RSF with a new 10‑year term; 3,223 RSF front office suite available upon closing
