Bank Building with
For Sale
$210,000
4515 Francis St, Jackson, MI 49203
Leased commercial property with flexible interior space, natural light, basement storage, and on-site parking.
Property Size1,872 SF
Lot Size0.50 Acres
Price / SF$112.18
Days on Market55
Property Features for 4515 Francis St
General Information
Standard status
Active
Size
1,872 SF
Lot size
0.50 Acres
Amenities
open floor plan
tons of windows
natural day lighting
partially finished basement
Building Details
Year Built
1955
Buildings
1
Listing Agency:
ERA Reardon Realty, L.L.C.
Listed By:
NATHAN LaZEBNIK · License #6501357434
(517) 795-0296
Source:
Katie-k
Added: Sep 13
Changed: Nov 4
Last Checked: Oct 30 at 5:42PM
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 ERA Reardon Realty, L.L.C.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,872-square-foot commercial building at 4515 Francis St features an open interior layout, extensive windows, and a partially finished basement. The lower level provides additional space for storage or other supported uses. Constructed in 1955, the property was previously operated as a bank and is currently leased through September 2027.
The building sits on a half-acre lot with nearly 50 parking spaces. Its Jackson, MI location and existing lease provide a combination of established occupancy, functional improvements, and adaptable commercial space.
The building sits on a half-acre lot with nearly 50 parking spaces. Its Jackson, MI location and existing lease provide a combination of established occupancy, functional improvements, and adaptable commercial space.
Key Highlights
- 1,872‑square‑foot commercial building on a half‑acre lot
- Previously operated as a bank; currently leased through September 2027
- Open interior layout with extensive windows for natural daylight
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,786
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,720
$355.7K
Cap Rate 7%
$254,086
$254.1K
Cap Rate 9%
$197,622
$197.6K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$25.8K $13.80/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$23.7K $12.67/SF
− OpEx
−$5.9K −$3.17/SF
NOI
$17.8K $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 Rate 5%
$355,720
Cap Rate 7%
$254,086
Cap Rate 9%
$197,622
Alternative Uses
Best Use
Specialty Retail
$254.1K
$222.3K – $296.4K
NOI $17,786 @ 7.0% cap · market cap 8.47%
Second Best
Retail
$184.4K
$161.4K – $215.2K
NOI $12,910 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$298.8K
$261.5K – $348.6K
NOI $20,918 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 13%
Home Improvements & Furnishings 13%
BP
Shops & Services
8,752 visits/mo
0.1 miles
Dollar General
Shops & Services
6,811 visits/mo
0.4 miles
SUBWAY
Dining
2,721 visits/mo
0.1 miles
Vandercook Ace Hardware
Home Improvements & Furnishings
2,631 visits/mo
0.1 miles
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - Leased commercial property with flexible interior space, natural light, basement storage, and on-site parking.
Where is this bank located?
The property is located at 4515 Francis St Jackson, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,872‑square‑foot commercial building on a half‑acre lot; Previously operated as a bank; currently leased through September 2027; Open interior layout with extensive windows for natural daylight
