850 W North Street, Jackson, MI 49202

Listing Agency: ERA REARDON REALTY, L.L.C. Show Phone

Listed By: PHILLIP M MORGAN · License #6502108104 Show Phone

Source: Brendaharrisgroup

Added: Aug 19 Changed: Nov 9 Last Checked: Nov 8 at 5:56AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Unit 200 at 850 North Street in Jackson, Michigan, provides 6,095 square feet configured for medical, professional, or office use. The suite contains 12 private offices, a large conference room, 3 bathrooms, and a kitchen or break area. A garage area with 2 overhead doors adds functional space to the interior layout.

The property includes 35 parking spaces and was built in 1980. Its office configuration supports a range of professional operations while retaining dedicated meeting, staff, restroom, and vehicle-access areas within the same suite.

Key Highlights

• 6,095 square feet of medical office space in Unit 200
• 12 private offices and a large conference room
• 3 bathrooms plus a kitchen or break area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,081

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,021,620 $1.0M

Cap Rate 7%

$729,729 $729.7K

Cap Rate 9%

$567,567 $567.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 6,095 SF

Gross rent

$87.8K $14.40/SF

− Vacancy

−$19.7K −$3.23/SF

EGI

$68.1K $11.17/SF

− OpEx

−$17.0K −$2.79/SF

NOI

$51.1K $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 Rate 5%

$1,021,620

Cap Rate 7%

$729,729

Cap Rate 9%

$567,567

Alternative Uses

Best Use

Healthcare Medical

$795.4K

$696.0K – $928.0K (±1% cap)

NOI $55,678 @ 7.0% cap · market cap 327,517.65%

Second Best

Office B

$729.7K

$638.5K – $851.4K (±1% cap)

NOI $51,081 @ 7.0% cap · market cap 300,476.47%

Theoretical Best

Office A

$973.0K

$851.4K – $1.14M (±1% cap)

NOI $68,108 @ 7.0% cap · market cap 400,635.29%

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

Carmelina Gordon, MD Ophthalmologist Specialty Eye Institute ... Eye Care Center Dr. William Rhoades Ophthalmologist Deborah Wu Ophthalmologist

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon HVAC Service Grocery & Convenience Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Drive-in doors

Location Intelligence

Trade Area within ½ mile

328

Businesses Nearby

Under-served

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

Market

Average Price Trend$/SF for Medical Office Space in Jackson, MI

$112 Jul

$113 Aug

$135 Sep

$135 Oct

Properties on Market for Medical Office Space in Jackson

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Flexible professional suite with private offices, meeting space, a kitchen, bathrooms, and overhead-door garage access.

Where is this medical office space located?

The property is located at 850 W North Street Jackson, MI.

What are key features of this property?

This property features: 6,095 square feet of medical office space in Unit 200; 12 private offices and a large conference room; 3 bathrooms plus a kitchen or break area