517 Wildwood AveJackson, MI 49201

Property Details for 517 Wildwood Ave

Year built

1970

Lot size

0.61 AC

Property size (Sq ft)

3,956 SF

Zone code

R-4

Property type

Medical offices

Property subtype

Medical centers

APN

2-006500000

APU

2006500000

Description

This exceptional 3,956-square-foot medical office building, situated on a 0.61-acre lot in Jackson, Michigan, presents a unique investment opportunity. Built in 1950, the single-story building boasts a desirable ranch style and is zoned for commercial use (201-Commercial). The property features nine exam rooms, two reception areas, three private offices, three labs, two storage rooms, and five bathrooms, including two ADA-compliant restrooms. The interior is attractively finished, and the building offers three convenient entrances. Ample parking is available with over 25 spaces. The property's strategic location across from Jackson High School, near the downtown area, and convenient to major highways ensures high visibility and accessibility. The asking price is $429,900, translating to $108.67 per square foot. The 8-foot ceilings throughout contribute to a spacious feel. The property's APN is 2-006500000. This well-maintained building is ideal for a variety of medical practices or businesses seeking a move-in ready space. Its excellent location and substantial features make it a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $677,220

  6.5%

  $625,126

  7%

  $580,474

• Comparable approach

  Method

  Valuation

  Relative Method

  $311,777

  Geo Method

  $311,777

• Alternative Use

  Use

  Valuation

  Residential

  $775,156

  Hospitality

  $710,039

  Educational

  $590,744

  Medical

  $611,060

  Retail

  $918,935

Location Insight

City

Jackson

County

Jackson

State

Michigan

Latitude

42.2482

Longitude

-84.4177

CBSA code

27100

CBSA name

JACKSON, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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