307 W Cortland Street Jackson, MI 49201

Active

$2,290,000

Market Estimate

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50,020 sq. ft.
2.02 Acres
Commercial
MLS# 24024084

307 W Cortland Street, Jackson, MI 49201

Listing provided courtesy of: ERA REARDON REALTY, L.L.C.

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Property Details

Description

Beautiful landmark professional building centrally located in the opportunity zone in downtown Jackson. Newly renovated in 2020 with updated HVAC, water heater, roof, condensers, carpet, security system with keyless entry, camera system, full service coffee bar, sprinkler system, landscaping, exterior lighting, common area paint and updating of vacant suites. Ideal large corner lot with 640 feet of road frontage and ample parking with over 75 parking spots. Within walking distance to many restaurants, professional buildings and stores. Building is 80% occupied, perfect to move your business in while making a profit. Additional information available upon request.

General Features
- Year Built 1988
- New Construction Y/N false
- Business Type Professional/Office,Professional Service
- County Or Parish Jackson
- Property Sub Type Retail/Commercial
- Tax Annual Amount 62741.74
Building Features
- Cooling Central Air
- Cooling Y/N true
- Foundation Details Block
- Construction Materials Concrete, Brick
- Building Area Total 50020.0
- Roof Stone, Rubber
- Number Of Units Total 19
- Heating Y/N true
- Full Bathrooms 42
- Bathrooms 42
- Parking Total 75.0
Property Features
- Lot Size Acres 2.02
- Lot Size Area 2.02
- Number Of Buildings 1
- Water Source Public
- Waterfront Y/N false
Schools
- High School District Jackson

Neighborhood

49201 (Jackson) Demographics

41 Median Age

284 Population Density (per sq. mile)

35% College Educated

$62,370 Estimated Median Income

11,489 Estimated Total Home Owners

3,908 Estimated Total Renters

75% / 25% Estimated Owner / Renter Divide

2 Estimated Average Household Size

44,766 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$233,500 Median Sales Price

91 Homes Sold

75 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: $2,290,000
5/15/2024 4:44:00 PM	New in Database Source: Multiple Listing Service	New Value: $2,290,000

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** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Copyright 2024 MichRIC, LLC. All rights reserved.

Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS (or MichRIC) Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Updated on 11/23/2024 4:15:32 AM PST. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

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.