Single-Story Medical Office
For Sale
$1,490,000
900 E Michigan Avenue, Jackson, MI 49201
COMMERCIAL - Jackson, MI
Property Size15,000 SF
Lot Size0.95 Acres
Price / SF$99.33
Days on Market302
Property Features for 900 E Michigan Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C-4
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 8, Bathroom 1, Bathroom 6, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 9, Bathroom 4, Bathroom 10, Bathroom 3
Interior features
Broadband
Elementary school district
Jackson
Middle school district
Jackson
High school district
Jackson
Directions
East of Cooper, North side of E Michigan Ave
Subdivision
Jackson County - JX
Standard status
Active
APN
7-052900000;7-053300000;7-053400000
Size
15,000 SF
Lot size
0.95 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
3 Parcels - see GIS - Parcel IDs: 7-052900000; 7-053300000; 7-053400000
Tax Annual Amount
59803
Legal Description
3 Parcels - see GIS - Parcel IDs: 7-052900000; 7-053300000; 7-053400000
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
multiple entrances
ADA-compliant access
updated mechanical systems
Building Details
Year built
1986
Floors in Building
1
Number of units
5
Building materials
Brick
Roof type
Composition
Listing Agency:
Howard Hanna Real Estate Services
(517) 787-9800
Listed By:
HEATHER HERNDON · License #6501335416
(517) 812-1641
Added: Oct 24, 2025
Changed: Aug 4
Last Checked: Aug 21 at 4:06PM
MLS# 25054837
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A well-maintained, purpose-built single-story medical office building totaling 15,000 square feet. The property features five total units with multiple entrances and ADA-compliant access. Updated mechanical systems support continued functionality across the building.
Located at 900 E Michigan Avenue in Jackson, Michigan, the building sits along a heavily traveled East Michigan corridor and is described as offering strong visibility and accessibility. The property is also noted for its proximity to Henry Ford Allegiance Health System.
As presented, the layout is suited for medical tenancy with convenient entry points and parking designed to serve patients and staff. This offering is available for sale as a stabilized medical real estate asset for owner-occupiers or investors seeking long-term occupancy in a healthcare-focused corridor.
Located at 900 E Michigan Avenue in Jackson, Michigan, the building sits along a heavily traveled East Michigan corridor and is described as offering strong visibility and accessibility. The property is also noted for its proximity to Henry Ford Allegiance Health System.
As presented, the layout is suited for medical tenancy with convenient entry points and parking designed to serve patients and staff. This offering is available for sale as a stabilized medical real estate asset for owner-occupiers or investors seeking long-term occupancy in a healthcare-focused corridor.
Key Highlights
- 5‑unit, single‑story brick medical office building (15,000 SF) on the East Michigan corridor
- ADA‑compliant access with multiple entrances and ample on‑site parking
- Central air cooling and forced‑air heating
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
—
—
no second resolved use
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
1,462
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Well-maintained single-story medical office with five units, ADA-compliant access, multiple entrances, and ample on-site parking.
Where is this medical center 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: 5‑unit, single‑story brick medical office building (15,000 SF) on the East Michigan corridor; ADA‑compliant access with multiple entrances and ample on‑site parking; Central air cooling and forced‑air heating
