576-588 Olds Street $499,000

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    576-588 Olds Street Jonesville, MI 49250

    • 10,000 sq. ft.
    • 2.37 Acres
    • Commercial
    • MLS# 23012825
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    Views: 113 Days On Site: 367

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    Property Details

    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.

    • General Features
      • Year Built 1995
      • New Construction Y/N false
      • Business Type Professional/Office,Retail
      • County Or Parish Hillsdale
      • Property Sub Type Office
      • Tax Annual Amount 15539.0
    • Building Features
      • Cooling Central Air
      • Cooling Y/N true
      • Construction Materials Brick, Stone
      • Building Area Total 10000.0
      • Roof Composition
      • Number Of Units Total 1
      • Heating Y/N true
      • Full Bathrooms 0
      • Bathrooms 0
      • Parking Total 93.0
    • Property Features
      • Lot Size Acres 2.37
      • Lot Size Area 2.37
      • Number Of Buildings 2
      • Utilities Cable Connected
      • Water Source Public
      • Waterfront Y/N false
    • Schools
      • High School District Jonesville

    Contact

    Ron Aemisegger, Jr

    Ron Aemisegger, Jr

    Sales Associate

    RE/MAX Preferred Realty

    Cell: 517-398-2428

    Neighborhood

    49250 (Jonesville) Demographics

    38 Median Age
    82 Population Density (per sq. mile)
    25% College Educated
    $51,545 Estimated Median Income
    1,916 Estimated Total Home Owners
    488 Estimated Total Renters
    80% / 20% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    6,451 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $126,000 Median Sales Price
    8 Homes Sold
    8 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $499,000
        4/26/2023 3:45:00 PM New in Database Source: Multiple Listing Service New Value: $499,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.