Victorian Office Building with
For Sale
$329,900
601 S Jackson Street, Jackson, MI 49203
COMMERCIAL - Jackson, MI
Property Size3,393 SF
Lot Size0.13 Acres
Price / SF$97.23
Days on Market277
Property Features for 601 S Jackson Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
R-4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Basement, Bathroom 2, Bathroom 1
Parking
8
Interior features
Broadband
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Directions
N. on Greenwood from Morrell E. onto S. Jackson.
Subdivision
Jackson County - JX
Standard status
Active
APN
4-078400000
Size
3,393 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 179 Assessor's South Plat
Tax Annual Amount
7930
Legal Description
Lot 179 Assessor's South Plat
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
welcoming front porch
exquisite original woodwork
high ceilings
abundant natural light
private offices
conference areas
reception space
storage
Building Details
Year built
1896
Floors in Building
2
Number of units
1
Building materials
Vinyl Siding, Wood Siding
Roof type
Composition
Listing Agency:
Howard Hanna Real Estate Services
(517) 787-9800
Listed By:
HEATHER HERNDON · License #6501335416
(517) 812-1641
Added: Nov 18, 2025
Changed: Aug 4
Last Checked: Aug 22 at 1:06PM
MLS# 25058873
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 two-story Victorian office building is a well-maintained property in the City of Jackson. The interior features original woodwork, high ceilings, and abundant natural light, supported by a flexible layout with private offices, conference areas, reception space, and storage. The building is equipped with two furnaces and two central air units.
The property is located just steps from the courthouse, with dedicated parking and access to government buildings, dining, and downtown amenities.
The building offers a mix of workplace spaces designed to support multiple office needs, along with on-site environmental systems for year-round comfort.
The property is located just steps from the courthouse, with dedicated parking and access to government buildings, dining, and downtown amenities.
The building offers a mix of workplace spaces designed to support multiple office needs, along with on-site environmental systems for year-round comfort.
Key Highlights
- 2‑story Victorian office building in the City of Jackson, steps from the courthouse
- Year built 1896 with historic features including original woodwork, high ceilings, and abundant natural light
- Flexible office layout with private offices, conference areas, reception space, and storage
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
$28,436
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
8.62%
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%
$568,720
$568.7K
Cap Rate 7%
$406,229
$406.2K
Cap Rate 9%
$315,956
$316.0K
Market Conditions
NOI Build-Up for 3,393 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
$48.9K $14.40/SF
− Vacancy
−$10.9K −$3.23/SF
EGI
$37.9K $11.17/SF
− OpEx
−$9.5K −$2.79/SF
NOI
$28.4K $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%
$568,720
Cap Rate 7%
$406,229
Cap Rate 9%
$315,956
Alternative Uses
Best Use
Office B
$406.2K
$355.5K – $473.9K
NOI $28,436 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$541.6K
$473.9K – $631.9K
NOI $37,915 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,359
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with private offices, conference space, reception area, storage, and dedicated parking.
Where is this office building located?
The property is located at 601 S Jackson Street Jackson, MI.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 2‑story Victorian office building in the City of Jackson, steps from the courthouse; Year built 1896 with historic features including original woodwork, high ceilings, and abundant natural light; Flexible office layout with private offices, conference areas, reception space, and storage
