576-588 Olds St - Office FOR SALE


Jonesville, MI 49250
$499,000 USD
269-207-1040
576-588 Olds St, Jonesville, MI for Sale
$499,000 USD
Office - FOR SALE
1/4
null | 13% Cap Rate

576-588 Olds St
Jonesville, MI 49250


HIGHLIGHTS

  • 10,000 SF value-add, 2-building office investment opportunity on 2.37-acre parcel in Jonesville
  • 6,000 SF - 576 Olds St (Building 1) - Multi-tenanted office/retail building offers 4 suites occupied by Leigh Raddatz, CPA and Willow Insurance Group
  • 4,000 SF - 588 Olds St. (Building 2) - Single-tenanted office building occupied by the USDA since 1999
  • Property offers 2 access drives, 93+/- parking spaces and monument/pylon signage
  • Highly visible site on Olds St./M-99, southwest of downtown Jonesville at entrance to Jonesville Industrial Park
  • 13% in-place income cap rate and $50/SF - Great value-add property for owner/investor

OVERVIEW

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. Contact broker for additional information. Do not approach tenants/employees. Parcel size/dimensions subject to buyer verification.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$50 USD /SF

CAP RATE

13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Trillium Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

93

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

HC, Highway Commercial

APN/PARCEL ID

21-008-200-015-08-6-3

ASK ABOUT THIS PROPERTY

Jodi MilksNAI Wisinski of West Michigan - Kalamazoo OfficeMore Info
269-207-1040

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Jodi MilksNAI Wisinski of West Michigan - Kalamazoo OfficeMore Info
269-207-1040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.