227 E State Street

Share this listing

Pre-formatted captions, a short link, and a QR code β€” ready to paste.

Share image
Sized for LinkedIn Β· 1200Γ—627 β€” matches the caption above.
Rendering preview…

227 E State Street

Hanover, MI 49241
Asking Price
$259K
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Traditional office building located at 227 E State Street
  • Total interior space measures 2,079 square feet
  • Asset available for purchase at a price of $259,000
  • Functional configuration suitable for professional service businesses
  • Conveniently situated within the Hanover community in Michigan

What's Special

Professional services firms seeking a dedicated workspace in Hanover will find this 2,079-square-foot traditional office building well-suited for daily operations. Positioned at 227 E State Street, the property provides a functional layout for administrative functions, client consultations, or a corporate headquarters. The layout accommodates various business structures, allowing for both private executive suites and open-plan team environments. Situated within a Michigan municipality, the location offers accessibility for local clients and employees while maintaining a professional atmosphere for standard business activities. This asset is positioned to serve as a long-term home for businesses requiring an established office footprint in a regional market setting. Investors or owner-occupiers will recognize the potential for a stable, conventional workplace environment that benefits from its proximity to surrounding local infrastructure. The building provides a clear pathway for businesses looking to secure a permanent presence in this corridor of Jackson County.

Free Valuation Calculator

No login required

Run the numbers on this deal. All calculations are estimates β€” verify with your lender and accountant.

NOI
$80,000
Cap Rate
30.89%
DSCR
5.20
Strong
Cash-on-Cash
83.17%
Monthly Payment
$1,281.391
Annual Cash Flow
$64,623.312

Location & Travel Times