Address
576-588 Olds Street, Jonesville, MI
Price
$ 499,000
Property Attributes
- MLS#23012825
- TypeCommercial
- CountyHILLSDALE
- CityJonesville
- AreaJonesville Vllg
- NeighborhoodJonesville Vllg
- Zip49250
- StyleOffice
- Year Built1995
- Taxes$ 15539
- Price$ 499,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2.37 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
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.
| Price History | |
|---|---|
| 4/26/2023 | Listed $549,000 |
| 7/18/2023 | 10% - $499,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Cooling | Central Air |
| Utilities | Phone Available,Public Water Available,Public Sewer Available,Natural Gas Available,Electric Available,Cable Available,Phone Connected,Natural Gas Connected,Electric Connected,Cable Connected |
| Possession | Close Of Escrow |
| Roof | Composition |
| Construction Materials | Brick,Stone |
| Year Built | 1995 |
| Tenant Pays | Electricity,Gas,Janitorial Service |
| Township | Jonesville Vllg |
| Property SubType | Office |
| Tax Year | 2022 |
| Business Type | Professional/Office,Retail |
| County | Hillsdale |
| New Construction | No |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Status | Active |
| Directions | Northwest corner of Olds Street/M-99 and Industrial Parkway in Jonesville. |
| City | Jonesville |
| High School District | Jonesville |
| Zoning Description | HC,Highway Com |
| Total Units | 1 |
| MLS Area | Hillsdale County - X |
| Lot Size Square Feet | 103237.0 |
| Waterfront Y/N | No |
| Street Name | Olds |
| Land Lease Y/N | No |
| Tax Annual Amount | 15539.0 |
| Lease Renewal Y/N | No |
| MLS Area Minor | Hillsdale County - X |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | Yes |
| Rent Control Y/N | No |
| Availability Date | 2023-04-01 |
| Days on Market | 408 |
| Standard Status | Active |
| Occupancy Description | Tenant |
| Tax Assessed Value | 245807 |
| Ownership Type | LLC |
| MobileHomeRemainsYN | No |
| Legal Description | Attached |
| Senior Community | None |
Interior Features
| Total Fireplaces | 2 |
|---|---|
| Total Stories | 1 |
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Street |
| Electric On Property Y/N | No |
Exterior Features
| Parking Features | Paved |
|---|---|
| Water Source | Public |
| Total Parking | 93.0 |
| Inclusions | {u'Non-Applicable': True} |
| Lot Size Area | 2.37 |
| Number of Buildings | 2 |
| Spa | No |
| Building Area Total | 10000.0 |
| Lot Dimensions | Irregular |
| Lot Size Acres | 2.37 |
| Road Surface Type | Paved |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 49250
Price
Taxes
Visits
Year Built
Walkscore
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update May 18, 2024 7:54 AM UTC
Water Wonderland Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Northern Great Lakes REALTORS® MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
