Downtown Jackson Office/Multifamily
For Sale
$325,000
400 S Jackson St, Jackson, MI 49201
2,064 SF office/multifamily building in downtown Jackson.
Property Size2,064 SF
Price / SF$157.46
Days on Market198
Property Features for 400 S Jackson St
General Information
Standard status
Active
Size
2,064 SF
Property subtype
Office
Zoning
R-4 high density apartment and office district.
Listing Agency:
Swisher Commercial
Listed By:
Scott Schmunk · License #MI #6506039255
(734) 223-0278
Source:
Swishercommercial
Added: Apr 7
Changed: Oct 10
Last Checked: Oct 20 at 5:58PM
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.
The property at 400 S Jackson Street is a 2,064 square foot, two-story office/multifamily building located in downtown Jackson. The layout includes six private offices and a conference room. Large windows provide natural light. The building features three bathrooms, including one full bath, and basement storage. Onsite parking is available. An irrigation system is present. The property is located across from the courthouse.
Key Highlights
- Located in downtown Jackson, across from the courthouse
- 2,064 SF office/multifamily building
- Six private offices and a dedicated conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,298
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,960
$346.0K
Cap Rate 7%
$247,114
$247.1K
Cap Rate 9%
$192,200
$192.2K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$29.7K $14.40/SF
− Vacancy
−$6.7K −$3.23/SF
EGI
$23.1K $11.17/SF
− OpEx
−$5.8K −$2.79/SF
NOI
$17.3K $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%
$345,960
Cap Rate 7%
$247,114
Cap Rate 9%
$192,200
Alternative Uses
Best Use
Office B
$247.1K
$216.2K – $288.3K
NOI $17,298 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.5K
$288.3K – $384.4K
NOI $23,064 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,474
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - 2,064 SF office/multifamily building in downtown Jackson.
Where is this office building located?
The property is located at 400 S Jackson St Jackson, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Located in downtown Jackson, across from the courthouse; 2,064 SF office/multifamily building; Six private offices and a dedicated conference room
