Modern Industrial Facility in
2021 Wellworth Ave Jackson, MI 49203
2021 Wellworth Ave, Jackson, MI, 49203
Contact for pricing
For Sale
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Eco-friendly industrial facility with flexible spaces for various business needs.
Property Size71,815 SF
Lot Size3.42 Acres
Price / SF$82.16
Days on Market801
Property Features for 2021 Wellworth Ave
General Information
- Standard status
- Active
- Size
- 71,815 SF
- Lot size
- 3.42 Acres
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 2009
Listing Agency
Cushman & Wakefield - Detroit - Southfield, Michigan
(517) 782-2024
Listed by
Craig Herschel · License #6501388510
Source
Crexi
Added: May 8, 2024 Checked: Jul 16 at 11:53 am
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 Cushman & Wakefield - Detroit - Southfield, Michigan
Investment Insights
Based on property information with market context.
Located in Jackson, Michigan, the industrial facility at 2021 Wellworth St. offers 71,815 square feet of flexible space suitable for industrial, warehousing, and office purposes. Constructed in 2009, the property is situated on 3.42 acres. The floor plan includes a 1,745-square-foot showroom, 10,570 square feet of office space, and a 59,500-square-foot shop/warehouse area featuring 30-foot clear height ceilings and five grade-level docks. The building has an Energy Star rating and incorporates features such as LED lighting with daylight harvesting and occupancy controls, solar-tracking skylights, and insulation. The shop/warehouse is equipped with buss duct, compressed air, and a paint booth. A whole-building generator ensures operational power. Additional features include a Bosch-certified clean room, a fire suppression system, and a 1200 Amp I-Line Square D Panel with 480Y/277v 120v 3PH 4W. The property also includes offices with administrative features, meeting/class rooms, and a break room. The showroom features a water feature and an elevator. A suspended 0.7-mile walking track is also present. The location provides accessibility to highways, an expanded airport, and rail transport.
Key Highlights
- 71,815 sqft eco‑friendly building on 3.42 acres, suitable for industrial, warehousing, and office use.
- Energy Star rated with LED lighting, solar‑tracking skylights, and super multi‑blanket insulation.
- Large shop/warehouse (59,500 sqft) with 30‑foot clear height ceilings, 5 grade‑level docks, buss duct, compressed air, and a paint booth.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $792.8k | $11.04 |
| − Vacancy | −$80.1k | −$1.12 |
| EGI | $712.8k | $9.92 |
| − OpEx | −$213.8k | −$2.98 |
| NOI | $498.9k | $6.95 |
71,815 SF · lease $11.04/SF/yr · vacancy 10.10% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$8.65M
$7.57M – $10.10M
NOI $605,847 @ 7.0% cap · market cap 10.27%
Second Best
Industrial
$7.13M
$6.24M – $8.32M
NOI $498,933 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$11.46M
$10.03M – $13.37M
NOI $802,490 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Eco-friendly industrial facility with flexible spaces for various business needs.
Where is this manufacturing property located?
The property is located at 2021 Wellworth Ave Jackson, MI.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 71,815 sqft eco‑friendly building on 3.42 acres, suitable for industrial, warehousing, and office use.; Energy Star rated with **LED lighting, solar‑tracking skylights, and super multi‑blanket insulation.**; **Large shop/warehouse (59,500 sqft) with 30‑foot clear height ceilings, 5 grade‑level docks**, buss duct, compressed air, and a paint booth.
