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744 W Michigan Ave
Jackson, MI 49201
Henry Ford Health Anchored Medical Office · Office Property For Sale


Investment Highlights
- 24,323 SF medical office building offering investors the ability to increase income through lease-up of existing vacancy
- All Tenants Operate Under NNN Leases Providing NOI Protection & Income Stability
- Compelling Below-Market Basis Offered at $86/SF, providing an attractive entry point below replacement cost and recent comparable sales.
- Institutional Healthcare Tenancy Anchored by Henry Ford Health (S&P A Rated) – Represents 51.1% of Rentable Square Footage
- Located 2 Miles from Henry Ford Jackson Hospital, a 475-bed regional medical center driving patient demand & referrals.
- Convenient access to US-127, I-94 & M-60 with strong connectivity across the Jackson & West Michigan region
Executive Summary
Marcus & Millichap is pleased to present Henry Ford Medical Center, a 24,323-square-foot multi-tenant medical office building located at 744 W. Michigan Avenue in Jackson, Michigan. The property is strategically positioned within one of the region’s most established healthcare corridors and is anchored by multiple Henry Ford Health departments, one of Michigan’s leading integrated healthcare systems.
The property serves as an extension of the Henry Ford Health network and is located approximately two miles from Henry Ford Jackson Hospital, a 475-bed regional medical center that serves as a major healthcare provider and employment hub for South Central Michigan. The hospital’s presence, combined with the concentration of surrounding medical providers, specialists, and outpatient facilities, creates a highly desirable environment for healthcare tenancy and long-term medical office demand.
Jackson serves as a regional healthcare, retail, and employment center positioned between Detroit, Ann Arbor, and Lansing with direct access to Interstate 94 and US-127. The property’s central location provides convenient accessibility for patients and healthcare professionals throughout the greater Jackson trade area and surrounding communities.
The asset benefits from exceptional proximity to many of the nation’s leading retailers, including Walmart, Meijer, Target, Kohl’s, TJ Maxx, Burlington, Lowe’s, Menards, Hobby Lobby, Ulta Beauty, Sam’s Club, Kroger, and ALDI, creating a strong daytime population and establishing the area as one of Jackson’s primary commercial destinations. The combination of healthcare, retail, and employment drivers generates consistent traffic patterns and enhances the long-term viability of the location.
The tenant roster is comprised of a diverse mix of healthcare providers, including multiple Henry Ford Health specialties such as Bariatric Surgery, Behavioral Health, Rheumatology, Transplant Services, and Gastroenterology. This concentration of complementary medical users creates a synergistic healthcare environment that enhances patient convenience and fosters cross-referral opportunities among providers. The building’s established presence within the market, strong institutional healthcare affiliation, and strategic location within one of Jackson’s premier healthcare and retail corridors position the property as a compelling opportunity to acquire a medical office asset with significant leasing upside and long-term growth potential.
The property serves as an extension of the Henry Ford Health network and is located approximately two miles from Henry Ford Jackson Hospital, a 475-bed regional medical center that serves as a major healthcare provider and employment hub for South Central Michigan. The hospital’s presence, combined with the concentration of surrounding medical providers, specialists, and outpatient facilities, creates a highly desirable environment for healthcare tenancy and long-term medical office demand.
Jackson serves as a regional healthcare, retail, and employment center positioned between Detroit, Ann Arbor, and Lansing with direct access to Interstate 94 and US-127. The property’s central location provides convenient accessibility for patients and healthcare professionals throughout the greater Jackson trade area and surrounding communities.
The asset benefits from exceptional proximity to many of the nation’s leading retailers, including Walmart, Meijer, Target, Kohl’s, TJ Maxx, Burlington, Lowe’s, Menards, Hobby Lobby, Ulta Beauty, Sam’s Club, Kroger, and ALDI, creating a strong daytime population and establishing the area as one of Jackson’s primary commercial destinations. The combination of healthcare, retail, and employment drivers generates consistent traffic patterns and enhances the long-term viability of the location.
The tenant roster is comprised of a diverse mix of healthcare providers, including multiple Henry Ford Health specialties such as Bariatric Surgery, Behavioral Health, Rheumatology, Transplant Services, and Gastroenterology. This concentration of complementary medical users creates a synergistic healthcare environment that enhances patient convenience and fosters cross-referral opportunities among providers. The building’s established presence within the market, strong institutional healthcare affiliation, and strategic location within one of Jackson’s premier healthcare and retail corridors position the property as a compelling opportunity to acquire a medical office asset with significant leasing upside and long-term growth potential.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
35,000 SF
Building Class
B
Year Built
1971
Price
$2,895,774 CAD
Price Per SF
$82.74 CAD
Cap Rate
9.01%
NOI
$260,964 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,667 SF
Slab To Slab
10’
Building FAR
0.30
Lot Size
2.69 AC
Zoning
R-4 HD Apt. & Office
Parking
112 Spaces (3.2 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 2-011300000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $823,355 CAD |
Property Taxes
Parcel Number
2-011300000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$823,355 CAD
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