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$ 985,000
Est. payment /mo
Active
110 1st Street Jackson, MI 49201-2122
9,962 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 9,962 sqft
Price per Sqft $98
Subdivision Mi
MLS Listing ID 70557277
Year Built 1977
Annual Tax Amount $17,260
Tax Year 2025
Lot Size 0.790 Acres
Acres 0.79
Lot Dimensions Irregular
Property Sub-Type Commercial/Industrial
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 US Congressman'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 Jackson (38020)
Interior
Heating Forced Air
Exterior
Parking Features 21+ Spaces
Roof Type Rubber
Building
Structure Type Brick,Frame,Wood
Others
Ownership LLC
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by ERA Reardon Realty, L.L.C.
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