Heated Flex Space with Paint
For Sale
$549,500
317 W Chicago St, Jonesville, MI 49250
Insulated commercial facility with adaptable space for retail, service, and light manufacturing uses.
Property Size6,021 SF
Price / SF$91.26
Days on Market80
Property Features for 317 W Chicago St
General Information
Standard status
Active
Size
6,021 SF
Amenities
large marquee business sign
professional lighted auto body paint booth
high efficiency interior lighting
fully heated & insulated
Building Details
Year Built
1976
Listing Agency:
Century 21 Affiliated
Listed By:
Desiree Thomas · License #6501323097
(517) 202-3684
Source:
Katie-k
Added: Jul 26
Changed: Oct 10
Last Checked: Oct 7 at 1:11PM
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 Century 21 Affiliated
Investment Insights
Based on property information with market context.
Located at 317 W Chicago St in Jonesville, Michigan, this 6,021-square-foot flex property was built in 1976. The building is heated and insulated throughout, with high-efficiency interior lighting and a lighted auto body paint booth that may support automotive or specialized service operations.
The floor plan can accommodate a single occupant or multiple tenants, with stated suitability for retail, service businesses, and light manufacturing. A large marquee sign provides prominent roadside identification, while the paved parking area offers ingress and egress for several retail or service users. The property sits on the commercial corridor connecting Hillsdale and Branch counties.
The floor plan can accommodate a single occupant or multiple tenants, with stated suitability for retail, service businesses, and light manufacturing. A large marquee sign provides prominent roadside identification, while the paved parking area offers ingress and egress for several retail or service users. The property sits on the commercial corridor connecting Hillsdale and Branch counties.
Key Highlights
- 6,021 SF flex property at 317 W Chicago St, Jonesville, MI 49250
- Heated and insulated throughout with high‑efficiency interior lighting
- Lighted auto body paint booth included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,552
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,040
$1.0M
Cap Rate 7%
$722,171
$722.2K
Cap Rate 9%
$561,689
$561.7K
Market Conditions
NOI Build-Up for 6,021 SF
Gross rent
$84.5K $14.04/SF
− Vacancy
−$6.8K −$1.12/SF
EGI
$77.8K $12.92/SF
− OpEx
−$27.2K −$4.52/SF
NOI
$50.6K $8.40/SF
Area
Hillsdale County, MI
Vacancy
8.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,040
Cap Rate 7%
$722,171
Cap Rate 9%
$561,689
Alternative Uses
Best Use
Flex RnD
$722.2K
$631.9K – $842.5K
NOI $50,552 @ 7.0% cap · market cap 9.20%
Second Best
Retail
$498.5K
$436.2K – $581.6K
NOI $34,898 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$956.7K
$837.1K – $1.12M
NOI $66,968 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49250, MI
5,994
Population
2,560
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
91%
High-School Grad
78.7 sq mi
ZIP Area
76
Density / Sq Mi
$61,918
Median Household Income
$40,625
Median Earnings
$774
Median Rent
$159,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Insulated commercial facility with adaptable space for retail, service, and light manufacturing uses.
Where is this flex space located?
The property is located at 317 W Chicago St Jonesville, MI.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: 6,021 SF flex property at 317 W Chicago St, Jonesville, MI 49250; Heated and insulated throughout with high‑efficiency interior lighting; Lighted auto body paint booth included
