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Additional details

Larry Else

larry@dtrdetroit.com +1(313) 315-3215

$ 499,000

Est. payment -/mo

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Active

576-588 Olds Street Jonesville Vllg, MI 49250

10,000 SqFt

UPDATED:

04/24/2024 08:53 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $49

MLS Listing ID 66023012825

Originating Board Greater Kalamazoo Association of REALTORS�

Year Built 1995

Annual Tax Amount $15,539

Lot Size 2.370 Acres

Acres 2.37

Lot Dimensions Irregular

Property Description

VALUE-ADD OFFICE INVESTMENT OPPORTUNITY: Two buildings totaling 10,000 SF on 2.37-acre parcel in Jonesville, Michigan. Building 1 (576) is a 6,000 SF multi-tenanted office/retail building with 4 suites. Existing tenants include Leigh Raddatz, CPA and Willow Insurance Group. Building 2 (588) is a 4,000 SF single-tenanted office building occupied by the USDA since 1999. Property offers 2 access drives, 93+/- parking spaces and monument/pylon signage. Zoned HC, Highway Commercial District in the Village of Jonesville, this highly visible site is located southwest of downtown Jonesville at the entrance to Jonesville Industrial Park. A 13% in-place income cap rate and $50/SF makes this a great value-add property for an owner/investor.

Location

State MI

County Hillsdale

Area Jonesville

Zoning Other

Direction Northwest corner of Olds Street/M-99 and Industrial Parkway in Jonesville.

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Roof Type Composition

Road Frontage Paved

Building

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Brick,Frame,Stone,Wood

Schools

School District Jonesville

Others

Tax ID 210082000150863

Acceptable Financing Cash, Lease

Listing Terms Cash, Lease

Financing Cash,Lease

Special Listing Condition Unknown/Data Share Listings

Listed by NAI Wisinski of West Michigan

Larry Else

Broker | License ID: 386964

+1(313) 315-3215

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