110 1st Street, Jackson, MI 49201
- $985,000
- 3
- BA
- List Price
- $985,000
- Days on Market
- 3
- MLS#
- 26047620
- Status
- ACTIVE
- Type
- Commercial
- Bathrooms
- 3
- Full-baths
- 3
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.
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Additional Information
- Taxes
- $17,260
- Acres
- 0.79
- Heating
- Forced Air
- Roofing
- Rubber
- School District
- Jackson
- Total Parking Spaces
- 53
- Utilities
- Electricity Connected, Natural Gas Connected, Electricity Available, Natural Gas Available, Phone Available
- Water
- Public Water
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Listing courtesy of Listing Agent: PHILLIP M MORGAN from Listing Office: ERA Reardon Realty, L.L.C..
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