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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.
| Month | Payment | Principal | Interest | Total Interest | Balance |
|---|---|---|---|---|---|
| $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
| Total Population | 334 | 3,729 | 14,428 | |
| Population Median Age | 40 | 39 | 38 | |
| Population by Age | 0-9 Yrs | 49 (14%) | 548 (14%) | 1688 (11%) |
| 10-19 Yrs | 45 (13%) | 543 (14%) | 2268 (15%) | |
| 20-29 Yrs | 30 (8%) | 523 (14%) | 2531 (17%) | |
| 30-39 Yrs | 45 (13%) | 408 (10%) | 1440 (9%) | |
| 40-49 Yrs | 31 (9%) | 307 (8%) | 1640 (11%) | |
| 50-59 Yrs | 47 (14%) | 425 (11%) | 1511 (10%) | |
| 60-69 Yrs | 42 (12%) | 436 (11%) | 1541 (10%) | |
| 70+ Yrs | 45 (13%) | 539 (14%) | 1808 (12%) | |
| Median HH Income | $53,727 | $55,437 | $53,714 | |
| Total Household Income | < 24K | 30 (22%) | 251 (18%) | 1126 (21%) |
| 25-49K | 32 (23%) | 352 (26%) | 1347 (25%) | |
| 50-74K | 31 (22%) | 255 (19%) | 1071 (20%) | |
| 75-99K | 21 (15%) | 188 (14%) | 681 (12%) | |
| 100-199K | 19 (14%) | 268 (20%) | 953 (18%) | |
| 200K+ | 2 (1%) | 19 (1%) | 113 (2%) | |
| Highest Education Level | No Diploma | 35 | 278 | 827 |
| Diploma or GED | 99 | 998 | 3549 | |
| Some College | 40 | 482 | 1965 | |
| Assoc. Degree | 18 | 225 | 711 | |
| Bachelors Degree | 12 | 204 | 947 | |
| Higher Degree | 17 | 167 | 794 | |
| Total Housing Units | 152 | 1,511 | 5,943 | |
| --Owner-Occupied | 97 | 986 | 3,513 | |
| --Renter-Occupied | 38 | 347 | 1,778 | |
| Owner-Occupied Values | < 100K | 40 | 274 | 1071 |
| 100-199K | 42 | 425 | 1379 | |
| 200-299K | 8 | 178 | 738 | |
| 300-399K | 5 | 77 | 198 | |
| 400-499K | 1 | 22 | 68 | |
| 500K+ | 0 | 9 | 59 | |
| Total Working Age Population | 263 | 2,891 | 11,639 | |
| In Work Force | 141 | 1,559 | 6,882 | |
| Not In Work Force | 121 | 1,332 | 4,757 | |
| Workforce Employed | 128 | 1,475 | 6,599 | |
| Workforce Unemployed | 13 | 84 | 278 | |
| Civlian Workforce | 141 | 1,559 | 6,877 | |
| Military Workforce | 0 | 0 | 5 | |
| Total Households | 135 | 1,333 | 5,291 | |
| Family Households | 72 | 814 | 3,162 | |
| Non-Family Households | 63 | 519 | 2,128 | |
| Married Couple | 53 | 633 | 2,352 | |
| Other Family | 19 | 181 | 811 | |
| Married w/Child | 18 | 267 | 981 | |
| Single Male w/Child | 2 | 21 | 113 | |
| Single Female w/Child | 12 | 91 | 372 | |
Population Change Last Two Decades - Plus Projection
| 2000 | % | 2010 | % | 2020 | % | 2030 | |
|---|---|---|---|---|---|---|---|
| Michigan | 9,938,444 | -1 | 9,883,640 | +2 | 10,077,331 | +3 | 10,424,510 |
| Hillsdale County | 46,527 | 0 | 46,688 | -2 | 45,746 | +4 | 47,700 |