953 North St Jackson, MS

Listing office J. Walter Michel Agency, Inc. h***@waltermichel.com Show Phone

Listing date Nov 24, 2025

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Investment Insights

Based on property information with market context.

Located at 953 North Street in Jackson, MS, this property is currently leased to a medical foot clinic, with the remainder of the building occupied by a chiropractor. The foot clinic contributes $2,200 per month in rent. The seller is open to a leaseback arrangement for a period of 3 years at a rate of $2,800.00 per month, should the buyer require it. Tenants are responsible for covering the costs of utilities, janitorial services, and trash disposal. The landlord is responsible for taxes, insurance, landscaping, and general upkeep. With a gross monthly rental income of $5,000, the property offers a capitalization rate of approximately 10.8%.

Key Highlights

• High cap rate of 10.8% with $5,000 gross monthly rent.
• Existing tenants provide immediate income: Foot clinic pays $2,200/month.
• Potential for seller leaseback at $2,800/month for 3 years, providing stable income.

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FAQs

What type of property is this?

Medical Office Space - Leased medical office building with potential leaseback opportunity.

Where is this medical office space located?

The property is located at 953 North St Jackson, MS.

What are key features of this property?

This property features: High cap rate of 10.8% with $5,000 gross monthly rent.; Existing tenants provide immediate income: Foot clinic pays $2,200/month.; Potential for seller leaseback at $2,800/month for 3 years, providing stable income.