Updated Office Condo
For Sale
$299,900
3465 Ann Arbor Road, Jackson, MI 49202
Commercial Sale, Jackson, MI
Property Size2,254 SF
Lot Size0.12 Acres
Price / SF$133.05
Days on Market95
Property Features for 3465 Ann Arbor Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Elementary school district
East Jackson
Middle school district
East Jackson
High school district
East Jackson
Standard status
Active
APN
000-09-31-206-001-02
Size
2,254 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
UNITS C JAAR CONDOMINIUM SEC 31 T2S R1E; SPLIT ON 02/19/2021 FROM 000-09-31-206-001-01;
Tax Annual Amount
3101
Legal Description
UNITS C JAAR CONDOMINIUM SEC 31 T2S R1E; SPLIT ON 02/19/2021 FROM 000-09-31-206-001-01;
Utilities
Utilities
Electricity Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
kitchen equipped with stove, microwave, dishwasher
2 restrooms
storage closet
front and rear entrances
acoustical ceiling panels
shared parking
Building Details
Year built
1955
Floors in Building
1
Number of units
1
Building materials
Concrete
Roof type
Rubber
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
Julie Hackworth · License #6501391714
(517) 206-6426
Added: Jul 8
Changed: Oct 8
Last Checked: Oct 10 at 8:06AM
MLS# 26034675
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.
This 2,254-square-foot office condo offers a functional commercial layout with a kitchen equipped with a stove, microwave, and dishwasher, along with two restrooms and a storage closet. The space was remodeled in 2019 and is currently used as training room and office space. Front and rear entrances provide separate points of access, while acoustical ceiling panels support sound control within the interior.
Capital improvements include a 2018 rubber roof and 2019 installations of a furnace, central air conditioning, hot water heater, and updated plumbing and electrical systems. A fire sprinkler system is in place, and the concrete building has forced-air heating and central cooling. Shared front and rear parking serves the building, and the property has no HOA. Electricity is available.
Capital improvements include a 2018 rubber roof and 2019 installations of a furnace, central air conditioning, hot water heater, and updated plumbing and electrical systems. A fire sprinkler system is in place, and the concrete building has forced-air heating and central cooling. Shared front and rear parking serves the building, and the property has no HOA. Electricity is available.
Key Highlights
- 2,254‑square‑foot commercial condo unit
- Remodeled in 2019 with updated plumbing and electrical systems
- Kitchen includes stove, microwave, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,890
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,800
$377.8K
Cap Rate 7%
$269,857
$269.9K
Cap Rate 9%
$209,889
$209.9K
Market Conditions
NOI Build-Up for 2,254 SF
Gross rent
$32.5K $14.40/SF
− Vacancy
−$7.3K −$3.23/SF
EGI
$25.2K $11.17/SF
− OpEx
−$6.3K −$2.79/SF
NOI
$18.9K $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%
$377,800
Cap Rate 7%
$269,857
Cap Rate 9%
$209,889
Alternative Uses
Best Use
Office B
$269.9K
$236.1K – $314.8K
NOI $18,890 @ 7.0% cap · market cap 6.30%
Second Best
Retail
$222.1K
$194.3K – $259.1K
NOI $15,544 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$359.8K
$314.8K – $419.8K
NOI $25,187 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Explore this area
Business Placement
Demographics for 49202, MI
19,359
Population
9,598
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$41,916
Median Household Income
$30,638
Median Earnings
$915
Median Rent
$104,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial condo with remodeled interiors, kitchen facilities, dual entrances, and shared parking.
Where is this office units located?
The property is located at 3465 Ann Arbor Road Jackson, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,254‑square‑foot commercial condo unit; Remodeled in 2019 with updated plumbing and electrical systems; Kitchen includes stove, microwave, and dishwasher
