Financial
Distress signals
Property profile

1215 1St St Jackson, MI 49203

FOR LEASE
Office buildings
Property ID
US43-1075350
1,632 SF 0.14 ac lot
Last sale Jun 2008 · $20,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a small office space in a building constructed in 1945, located at 1215 1st in Jackson, Michigan. The office unit includes two offices totaling 177 square feet and is served by central air conditioning. A separate additional office space of approximately 100 square feet is available within the building for tenants needing extra or independent workspace. The space is configured for office use with utilities provided as part of occupancy.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$1k
Tax billed · 2022
Assessed value · 2023$34k
Effective rate4.28%

Value estimate

· Sep 2026
$65k
$59k – $72k
NOI build-up
Gross scheduled income$3k
Vacancy & credit loss−$570
Operating expenses−$494
NOI · 2,907.84% cap applied$1k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$70/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$36 – $107

Cap rate analysis

How does the asset earn?
2,907.84%
$1k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
Sec. 28-43. - C-2 community commercial district. The community commercial district is composed of certain land and structures used primar...
General categoryCOMMERCIAL
JurisdictionJACKSON

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.9
Electrical Service10.2
Kitchen & Bath10.0

Location

1215 1St St Jackson, MI 49203
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
821 Greenwood, Jackson, MI 49203-1705 $125,000 Jul 2025 1,500 SF
1500 Morrell, Jackson, MI 49203-1548 $149,000 Feb 2025 1,928 SF
1700 Woodbridge, Jackson, MI 49203-4120 $135,000 Dec 2024 1,458 SF
1224 Greenwood, Jackson, MI 49203-3037 $125,000 Aug 2023 1,486 SF
2650 Spg Arbor, Jackson, MI 49203-3891 $165,000 Aug 2022 1,384 SF
145 Robinson, Jackson, MI 49203-1084 $221,000 Jul 2020 1,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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