Multi-Tenant Medical Office
New
For Sale
$2,100,000
744 W Michigan Ave, Jackson, MI 49201
Established outpatient facility with multiple Henry Ford Health departments and complementary healthcare providers.
Property Size24,323 SF
Price / SF$86.34
Days on Market3
Property Features for 744 W Michigan Ave
General Information
Standard status
Active
Size
24,323 SF
Property subtype
Office Medical
Occupancy
69%
Additional Details
Cap Rate
9.01%
Highway Access
Yes
Amenities
24,323-Square-Foot Medical Office Building Offering Investors the Ability to Increase Income through Lease-Up of Existing Vacancy
Institutional Healthcare Tenancy Anchored by Henry Ford Health (S&P A Rated) – Represents 51.1 Percent of Rentable Square Footage
All Tenants Operate Under Triple-Net Leases Providing NOI Protection and Income Stability
Located Two Miles from Henry Ford Jackson Hospital, a 475-Bed Regional Medical Center Driving Patient Demand and Referrals
Compelling Below-Market Basis Offered at $86 per Square Foot, Providing an Attractive Entry Point below Replacement Cost and Recent Comparable Sales
Convenient Access to US-127, I-94 and M-60 with Strong Connectivity across the Jackson and West Michigan Region
Rental and Value Growth Potential In-Place Rents of Approximately $14.38 per Square Foot Provide Opportunity for Mark-to-Market Increases upon Lease-Up and Rollover
Building Details
Building Size
24,323 SF
Year Built
1971
Buildings
1
Tenancy
Multi
Listing Agency:
Detroit Office
(248) 415-2605
Listed By:
Seth Haron · License #License(s): MI: 6501373006
(248) 415-2605
Source:
Marcusmillichap
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 4:49AM
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 Detroit Office
Investment Insights
Based on property information with market context.
The property is a 24,323-square-foot medical office building constructed in 1971 and configured for multiple tenants. Its occupants include several Henry Ford Health departments, with specialties such as Bariatric Surgery, Behavioral Health, Rheumatology, Transplant Services, and Gastroenterology. The mix also includes other healthcare providers, creating a concentration of medical services within one facility.
Located at 744 W. Michigan Avenue in Jackson, Michigan, the building is approximately two miles from Henry Ford Jackson Hospital, a 475-bed regional medical center. Interstate 94 and US-127 provide access to Jackson and surrounding communities, while nearby retail includes Walmart, Meijer, Target, Kohl’s, Lowe’s, Menards, Hobby Lobby, Sam’s Club, Kroger, and ALDI.
The property combines an established medical-office format with an institutional healthcare affiliation and a broad range of onsite specialties. Its setting among healthcare, retail, and employment uses supports convenient access for patients and medical professionals throughout the area.
Located at 744 W. Michigan Avenue in Jackson, Michigan, the building is approximately two miles from Henry Ford Jackson Hospital, a 475-bed regional medical center. Interstate 94 and US-127 provide access to Jackson and surrounding communities, while nearby retail includes Walmart, Meijer, Target, Kohl’s, Lowe’s, Menards, Hobby Lobby, Sam’s Club, Kroger, and ALDI.
The property combines an established medical-office format with an institutional healthcare affiliation and a broad range of onsite specialties. Its setting among healthcare, retail, and employment uses supports convenient access for patients and medical professionals throughout the area.
Key Highlights
- 24,323‑square‑foot multi‑tenant medical office building
- Constructed in 1971
- Multiple Henry Ford Health departments occupy the property
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established outpatient facility with multiple Henry Ford Health departments and complementary healthcare providers.
Where is this medical office space located?
The property is located at 744 W Michigan Ave Jackson, MI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 24,323‑square‑foot multi‑tenant medical office building; Constructed in 1971; Multiple Henry Ford Health departments occupy the property
