307 Cortland St Jackson, MI 49201
- Office Properties & Spaces
- 50,020 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 307 Cortland St
- Year built
- 1988
- Property size
- 50,020 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 50,020-square-foot executive office building, located at 307 W Cortland St in Jackson, Michigan, presents a compelling investment opportunity. Built in 1988 and extensively renovated in 2020, the property boasts 19 units within a single building situated on a generous 87,991-square-foot lot. The asking price is $2,290,000, translating to $45.78 per square foot. Improvements completed in 2020 include a new HVAC system, water heater, roof, condensers, carpeting, and a state-of-the-art security system featuring keyless entry and a comprehensive camera system. Further enhancements encompass a full-service coffee bar, updated sprinkler system, refreshed landscaping, upgraded exterior lighting, and repainted common areas. The building currently enjoys an 80% occupancy rate. Its prime downtown location offers 640 feet of road frontage and convenient access to numerous restaurants, other professional buildings, and retail establishments. Ample parking is provided with over 75 spaces. This landmark property is ideally situated within an opportunity zone. Additional details are available upon request.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Jackson
- State
- Michigan
- Longitude
- -84.412
- Latitude
- 42.2465
