Class A Office
For Sale
$1,100,000
301 N Jackson Street, Jackson, MI 49201
COMMERCIAL - Jackson, MI
Property Size7,280 SF
Lot Size1.13 Acres
Price / SF$151.10
Days on Market51
Property Features for 301 N Jackson Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
52
Interior features
Broadband
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Directions
On the NE corner of W. Louis Glick Hwy and N. Jackson St.
Standard status
Active
APN
1-0131.0100
Size
7,280 SF
Lot size
1.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
THAT PART OF LOTS 1 THROUGH 6 LYING SOUTH OF MCRR RIGHT OF WAY, ALSO THE VACATED ALLEY LYING EAST OF LOTS 1, 2 & 3 AND W
Tax Annual Amount
59486
Legal Description
THAT PART OF LOTS 1 THROUGH 6 LYING SOUTH OF MCRR RIGHT OF WAY, ALSO THE VACATED ALLEY LYING EAST OF LOTS 1, 2 & 3 AND W
Utilities
Utilities
Phone Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
building signage
Building Details
Year built
2021
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Rubber
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Jodi K Milks · License #6506044331
(269) 353-0311
Added: Jul 1
Changed: Aug 4
Last Checked: Aug 20 at 11:06AM
MLS# 26033363
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.
Completed in 2021, this 7,280-square-foot Class A office building occupies 1.13 acres and is constructed with a brick exterior. The property is arranged for a partial sale-leaseback: Fifth Third Bank is expected to enter a new 10-year lease covering 4,057 RSF, while a 3,223 RSF front office suite is slated to become available at closing. Building signage is available for both occupants.
The property provides 52 on-site parking spaces, with additional public street parking nearby. Its downtown Jackson setting places it near Consumers Energy headquarters, Jackson County offices, Henry Ford Health, and Jackson College. Building systems include forced-air heating, central air conditioning, a rubber roof, broadband, and phone availability. The configuration supports professional office, medical, and service-oriented uses.
The property provides 52 on-site parking spaces, with additional public street parking nearby. Its downtown Jackson setting places it near Consumers Energy headquarters, Jackson County offices, Henry Ford Health, and Jackson College. Building systems include forced-air heating, central air conditioning, a rubber roof, broadband, and phone availability. The configuration supports professional office, medical, and service-oriented uses.
Key Highlights
- 7,280‑square‑foot office building completed in 2021
- 1.13‑acre site with 52 on‑site parking spaces
- Fifth Third Bank lease planned for 4,057 RSF with a 10‑year term
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
$61,012
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
5.55%
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%
$1,220,240
$1.2M
Cap Rate 7%
$871,600
$871.6K
Cap Rate 9%
$677,911
$677.9K
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
$104.8K $14.40/SF
− Vacancy
−$23.5K −$3.23/SF
EGI
$81.3K $11.17/SF
− OpEx
−$20.3K −$2.79/SF
NOI
$61.0K $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 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%
$1,220,240
Cap Rate 7%
$871,600
Cap Rate 9%
$677,911
Alternative Uses
Best Use
Office B
$871.6K
$762.7K – $1.02M
NOI $61,012 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 2021 office property with a leased bank suite and additional space available for occupancy.
Where is this office building located?
The property is located at 301 N Jackson Street 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‑square‑foot office building completed in 2021; 1.13‑acre site with 52 on‑site parking spaces; Fifth Third Bank lease planned for 4,057 RSF with a 10‑year term
