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$ 985,000
Est. payment /mo
New
110 1st ST Jackson City, MI 49201
3 Baths
9,962 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 9,962 sqft
Price per Sqft $98
MLS Listing ID 55026047620
Year Built 1977
Lot Size 0.790 Acres
Acres 0.79
Property Sub-Type BusinessandRealEstate
Property Description
Prime investment opportunity in convenient Downtown Jackson! 110 First St is a fully occupied, modern and updated office building offering immediate, strong cash flow with leases generating a 14% cap rate. The building is 100% occupied by two well-established tenants, including a State Senator's office and a professional accounting firm, providing a solid tenant base from day one. The floor plan offers flexibility for an owner-user. The current accounting firm is willing to relocate should a new owner need to occupy any portion of the building, creating a unique opportunity to combine owner occupancy with rental income. If you're a business owner looking for space with built-in revenue or an investor seeking a high-yield, income-producing product, this offers an attractive combination of cash flow, occupancy, and future flexibility in Downtown Jackson.
Location
State MI
County Jackson
Area Area12132Jackson
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Paved
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable
View Y/N No
Roof Type Rubber
Building
Foundation None, Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Jackson
Others
Ownership LLC
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition CorporateRelocation
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Listed by PHILLIP M MORGAN of ERA Reardon Realty, L.L.C.