307 Cortland St Jackson, MI 49201
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.