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Browse More Listings in Office For Sale, Jackson, MI or Michigan

Office Property For Sale

The Atrium

113 W. Michigan Ave, Jackson, MI 49201

Price:
$3,625,000
Building Size:
38,705 SF
Price/SF:
$93.66
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
8.50%
Building Class:
A
Tenancy:
Multiple
Year Built:
1996
Find Out More...

Last Verified 11/16/2009 Listing ID 9826538

Highlights

In heart of city-1 blk from City Hall, County Bldg
all new plumbing, HVAC, electrical & roof in 1996-97

Great tenants- US Post Office,Spring Arbor University

Description

4 story totally renovated in 1996. All new HVAC,plumbing,electrical. US Post Office leases 1st floor(9725 sq ft) for retail store, very strong rental rate until 2012 (original 15 yr lease). Other tenants include Spring Arbor University, University of Mich Visiting Nurses, CPA,engineering and telecommunication firms. 1st & 2nd floors fully leased, 3rd floor has 360 sf available. 4th floor vacant. Great telco hotel potential-Voyager.net is fomer tenant. 3-4 blocks from Cental office of Ameritech

In heart of downtown Jackson, 1 block from City Hall, directly across street form County Register of Deeds. 1 1/2 blocks from new $70 million Consumers Energy corporate hqds.

Financial Summary

Debt & Equity Information

Actual
Year
2007
Effective Gross Income
$381,346
Operating Expenses
$72,832
Net Operating Income
$308,514

Map of 113 W. Michigan Ave, Jackson, MI 49201

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Created 3/24/2001

Additional Information for 113 W Michigan Avenue, Jackson, MI 49201

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - The Atrium

113 W. Michigan Ave, Jackson, MI, 49201