Building Details

Building Size 15,000 SF

Year Built 1986

Buildings 1

Stories 1

Units 5

Listing Agency: Case Realty Group

Listed By: Karmen Case · License #6501398514 Show Phone

Source: Case-realty

Added: Oct 20 Changed: Oct 23 Last Checked: Oct 23 at 5:06PM

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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 Case Realty Group

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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.

This 15,000-square-foot medical office property at 900 E Michigan Avenue in Jackson has a single-story layout with five units. Multiple entrances, ADA-compliant access, updated mechanical systems, and on-site parking serve the building. It was built in 1986 and is zoned C-4.

The property is located along the East Michigan corridor, near Henry Ford Allegiance Health System.

Key Highlights

• 15,000 SF medical office property
• Five units in a single‑story layout
• Multiple entrances and ADA‑compliant access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$137,025

Cap Rate

9.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,740,500 $2.7M

Cap Rate 7%

$1,957,500 $2.0M

Cap Rate 9%

$1,522,500 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,000 SF

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 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 (±1% cap)

NOI $137,025 @ 7.0% cap · market cap 9.20%

Second Best

Office B

$1.80M

$1.57M – $2.10M (±1% cap)

NOI $125,712 @ 7.0% cap · market cap 8.44%

Theoretical Best

Office A

$2.39M

$2.10M – $2.79M (±1% cap)

NOI $167,616 @ 7.0% cap · market cap 11.25%

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

Dr. Anish Wadhwa Physician Pediatric Dentistry and Orthodontics ... Dental Office Harris Sylvia V ... Physician Professional Center East Business Service Center Viher Deborah L Physician

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Spa & Massage Center Hair Salon Storage Facility

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

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

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 - Single-story configuration includes multiple entrances, accessible access, and updated mechanical systems.

Where is this medical office space located?

The property is located at 900 E Michigan Avenue 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 medical office property; Five units in a single‑story layout; Multiple entrances and ADA‑compliant access