Improved Commercial Land for Sale in Jonesville, Michigan
576-588 Olds St Jonesville, MI 49250
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.
Directions
Northwest corner of Olds Street/M-99 and Industrial Parkway in Jonesville.
Location
- Street Address
- 576-588 Olds St
- County
- Hillsdale County
- School District
- Jonesville
- Elevation
- 1,099 feet
Property details
- Zoning
- HC, Highway Com
- MLS Number
- GRAR 23012825
- Date Posted
Property taxes
- 2022
- $15,539
Parcels
- 210082000150863
Detailed attributes
Listing
- Type
- Commercial Sale
- Subtype
- Office
Structure
- Materials
- Brick, Stone
- Roof
- Composition
- Heating
- Forced Air
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Mar 27, 2024 | New listing | $499,000 | — | GRAR |