Medical Office
For Sale
$699,900
603 Lansing Avenue, Jackson, MI 49202
Commercial Sale, Jackson, MI
Property Size4,340 SF
Lot Size1.37 Acres
Price / SF$161.27
Days on Market227
Property Features for 603 Lansing Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
R-4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
20
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Directions
Corner of Ganson and Lansing Ave.
Standard status
Active
APN
1-033300000
Size
4,340 SF
Lot size
1.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Block 4 Durand's ADD
Tax Annual Amount
14978
Legal Description
Block 4 Durand's ADD
Utilities
Utilities
Cable Available
Heating system
Forced Air
Building Details
Year built
1994
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Rubber
Listing Agency:
Exit Realty 1st LLC
(517) 796-9300
Listed By:
ROBERT TIPTON · License #6501375443
(517) 795-4923
Added: Feb 20
Changed: Sep 16
Last Checked: Oct 5 at 11:06PM
MLS# 26006263
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 4,340-square-foot medical office building was constructed in 1994 with brick exterior walls, a rubber roof, and forced-air heating. The layout includes two bathrooms, identified as Bathroom 1 and Bathroom 2, and cable service is available. The property is offered with an operating medical office and an associated book of business. Equipment is negotiable, and a lease option is also available.
Located at 603 Lansing Avenue in Jackson, Michigan, the property occupies 1.37 acres. Its medical-office configuration and existing operation provide a defined commercial use setting for the next owner or occupant.
Located at 603 Lansing Avenue in Jackson, Michigan, the property occupies 1.37 acres. Its medical-office configuration and existing operation provide a defined commercial use setting for the next owner or occupant.
Key Highlights
- 4,340‑square‑foot medical office building
- 1.37‑acre property at 603 Lansing Avenue
- Operating medical office with book of business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,646
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$792,920
$792.9K
Cap Rate 7%
$566,371
$566.4K
Cap Rate 9%
$440,511
$440.5K
Market Conditions
NOI Build-Up for 4,340 SF
Gross rent
$75.5K $17.40/SF
− Vacancy
−$9.4K −$2.18/SF
EGI
$66.1K $15.22/SF
− OpEx
−$26.4K −$6.09/SF
NOI
$39.6K $9.13/SF
Area
Jackson County, MI
Vacancy
12.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$792,920
Cap Rate 7%
$566,371
Cap Rate 9%
$440,511
Alternative Uses
Best Use
Healthcare Medical
$566.4K
$495.6K – $660.8K
NOI $39,646 @ 7.0% cap · market cap 5.66%
Second Best
Office B
$519.6K
$454.7K – $606.2K
NOI $36,373 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$692.8K
$606.2K – $808.3K
NOI $48,497 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Balanced
Demand for This Use
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?
Medical Office Space - Operating medical office with brick construction, two bathrooms, and forced-air heating on a 1.37-acre parcel.
Where is this medical office space located?
The property is located at 603 Lansing Avenue Jackson, MI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 4,340‑square‑foot medical office building; 1.37‑acre property at 603 Lansing Avenue; Operating medical office with book of business
