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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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110 1st St , Jackson, MI 49201
$985,000
Est. Payment: $2,188.89/mo
0 Bed
3 Bath
9962 Sqft
Status: Active | Days on site: 2
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House 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.

Highlights

Listed by PHILLIP M MORGAN , 517-204-4385 and Mike Kanser , 517-416-6570 ERA Reardon Realty, L.L.C. , 517-782-2996.

Property Type

Commercial Sale

Lot/Acreage
0.79

Year Built

1977

County

Jackson

School District

Jackson

Listing ID

26047620

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:3
Air Cond:Central Air
Fireplaces:

Exterior Features

Garage Capacity:53
Roof:Rubber
Principal Interest
$2,189
Taxes
$1,438

Home Price

$985,000

Loan Details

30 yrs
%

Down Payment

20%
$197,000
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Monthly Price:
$2,188.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,188.89 $1,438.36 $0.00 $3,627.25
Yearly $26,266.67 $17,260.32 $0.00 $43,526.99
Total $788,000.00 $517,809.60 $0.00 $1,305,809.60

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Jackson, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.