Historic Victorian Office
For Sale
$329,900
601 S Jackson Street, Jackson, MI 49203
Commercial Sale, Jackson, MI
Property Size3,393 SF
Lot Size0.13 Acres
Price / SF$97.23
Days on Market310
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 1, Bathroom 2
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
front porch
original woodwork
high ceilings
abundant natural light
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: Sep 16
Last Checked: Sep 24 at 8:06PM
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.
Built in 1896, this 3,393-square-foot Victorian office building provides a two-story configuration with private offices, conference areas, reception space, storage, and a welcoming front porch. Original woodwork, high ceilings, and abundant natural light add distinctive character, while two furnaces and two central air units support year-round operation. The property also includes three bathrooms, a basement, forced-air heating, central air conditioning, broadband, and cable availability.
Located at 601 S Jackson Street in Jackson, Michigan, the building is near the courthouse and government buildings, with access to downtown amenities and dining. Dedicated parking and high visibility support professional office use. The 0.13-acre property is suited to an owner-user or investment application, with a flexible interior that can accommodate law offices, professional services, or boutique businesses.
Located at 601 S Jackson Street in Jackson, Michigan, the building is near the courthouse and government buildings, with access to downtown amenities and dining. Dedicated parking and high visibility support professional office use. The 0.13-acre property is suited to an owner-user or investment application, with a flexible interior that can accommodate law offices, professional services, or boutique businesses.
Key Highlights
- 3,393‑square‑foot office building on a 0.13‑acre lot
- Two‑story Victorian construction dating to 1896
- Original woodwork, high ceilings, front porch, and abundant natural light
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
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Open Analytics
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
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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 building - Two-story layout combines private offices, conference areas, reception space, and storage.
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: 3,393‑square‑foot office building on a 0.13‑acre lot; Two‑story Victorian construction dating to 1896; Original woodwork, high ceilings, front porch, and abundant natural light
