Single-Story Medical Office
For Sale
$1,490,000
900 E Michigan Avenue Jackson, Jackson, MI 49201
Purpose-built, well-maintained single-story medical office with five units, multiple entrances, ADA access, and ample parking.
Property Size15,000 SF
Price / SF$99.33
Days on Market48
Property Features for 900 E Michigan Avenue Jackson
General Information
Standard status
Active
Size
15,000 SF
Zoning
C-4
Additional Details
Office Units
5
Taxes and HOA fees
Annual Taxes
$59,803
Building Details
Building Size
15,000 SF
Year Built
1986
Buildings
1
Stories
1
Listing Agency:
City2Shore Arete Collection Inc
(616) 662-9664
Listed By:
Mat Nichols
(616) 662-9664
Source:
City2shore
Added: Jul 10
Changed: Aug 25
Last Checked: Aug 25 at 5:35AM
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 City2Shore Arete Collection Inc
Investment Insights
Based on property information with market context.
This well-maintained, purpose-built single-story medical office building is designed to serve healthcare operations with five total units. The property includes multiple entrances and ADA-compliant access, along with updated mechanical systems. Ample on-site parking supports convenient patient and staff access.
The building is located along the heavily traveled East Michigan corridor and offers visibility and accessibility for day-to-day use. It is positioned in close proximity to Henry Ford Allegiance Health System, aligning it with the surrounding healthcare environment.
The building is located along the heavily traveled East Michigan corridor and offers visibility and accessibility for day-to-day use. It is positioned in close proximity to Henry Ford Allegiance Health System, aligning it with the surrounding healthcare environment.
Key Highlights
- 15,000 SF purpose‑built, single‑story medical office building built in 1986
- Five total units with multiple entrances and ADA‑compliant access
- Well‑maintained property with updated mechanical systems
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
$137,025
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
9.20%
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%
$2,740,500
$2.7M
Cap Rate 7%
$1,957,500
$2.0M
Cap Rate 9%
$1,522,500
$1.5M
Market Conditions
NOI Build-Up for 15,000 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
$261.0K $17.40/SF
− Vacancy
−$32.6K −$2.18/SF
EGI
$228.4K $15.22/SF
− OpEx
−$91.4K −$6.09/SF
NOI
$137.0K $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 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%
$2,740,500
Cap Rate 7%
$1,957,500
Cap Rate 9%
$1,522,500
Alternative Uses
Best Use
Healthcare Medical
$1.96M
$1.71M – $2.28M
NOI $137,025 @ 7.0% cap · market cap 9.20%
Second Best
Office B
$1.80M
$1.57M – $2.10M
NOI $125,712 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$2.39M
$2.10M – $2.79M
NOI $167,616 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
784
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built, well-maintained single-story medical office with five units, multiple entrances, ADA access, and ample parking.
Where is this medical office space located?
The property is located at 900 E Michigan Avenue Jackson Jackson, MI.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 15,000 SF purpose‑built, single‑story medical office building built in 1986; Five total units with multiple entrances and ADA‑compliant access; Well‑maintained property with updated mechanical systems
