$499,000
Jonesville, MI 49250
MLS# 23012825
10000 sqft
1 / 4
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.
Details
Maps
Documents
Location & Property Info
County: Hillsdale
Street #: 576-588
Street Name: Olds
Suffix: Street
State: MI
Zip Code: 49250
Zip (4): 9475
Cross Streets: W Chicago Rd/M-12 & Fayette Rd
Property Sub-Type: Office
Area: Hillsdale County - X
Municipality: Jonesville Vllg
Office/Contract Info
Status: Active
Current Price: $499,000
List Price: $499,000
Auction or For Sale: For Sale
List Price/SqFt: 49.9
Prop Avail for Lease?: Yes
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2023-04-01
Current Bldg Use: Multi-Tenanted Office Buildings
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 2.37
Lot Square Footage: 103237
Lot Dimensions: Irregular
Year Built: 1995
Road Frontage: 1
Total # Units: 1
# Fin Bldg Lvls: 1
Total # Bldgs: 2
Total SqFt: 10000
Total Net SqFt: 10000
Property Use Type: Investment
Waterfront: No
School District: Jonesville
Tax Info
Tax ID #: 210082000150863
Taxable Value: 245807
SEV: 337400
For Tax Year: 2022
Annual Property Tax: 15539
Tax Year: 2022
Spec Assessment & Type: None known
Non-Conforming Use: No
Zoning: HC, Highway Com
Remarks & Misc
Legal: Attached
Directions: Northwest corner of Olds Street/M-99 and Industrial Parkway in Jonesville.
Additional Details
Total Parking Spaces: 93
SqFt Information
Rentable Office SqFt: 10000
Total Bldg SqFt (Gro: 10000
Property Features
Property Use: Investment
Uses: Professional/Office; Retail
Ownership: LLC
Business Includes: Non-Applicable
Construction Type: Frame/Wood
Exterior Material: Brick; Stone
Roofing: Composition
Below Grade: None
Tenant Pays All: Electric; Gas; Janitorial; Other
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Cable; Electric; Natural Gas; Public Sewer; Public Water; Telephone
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Legal Description 
Listing Office: NAI Wisinski of West Michigan
Listing Agent: Jodi Milks
Last Updated: April - 24 - 2024
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