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Property profile

307 Cortland St Jackson, MI 49201

OFF-MARKET
Office Spaces
50,020 SF Built 1988
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1988
Total area 50,020 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

307 Cortland St Jackson, MI 49201
Jackson metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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