2532 Spring Arbor Road, Jackson, MI 49203
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2532 Spring Arbor Road, Jackson, MI 49203
2532 Spring Arbor Road, Jackson, MI 49203
2532 Spring Arbor Road, Jackson, MI 49203
2532 Spring Arbor Road, Jackson, MI 49203
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$ 1,500,000
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2532 Spring Arbor Road Jackson, MI 49203

6 Baths

5,762 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 5,762 sqft

Price per Sqft $260

Municipality Summit Twp

MLS Listing ID 26040268

Full Baths 6

Year Built 1964

Annual Tax Amount $5,808

Tax Year 2025

Lot Size 1.210 Acres

Acres 1.21

Lot Dimensions 298 x 347 x 686

Property Sub-Type Office

Source Michigan Regional Information Center (MichRIC)

Property Description

Established rental income. Significant improvements already completed. Dedicated parking for patients, clients, and staff. 2532 Spring Arbor Road offers an opportunity to acquire an extensively renovated medical and professional office property with existing triple-net leases and additional space available for income growth or owner occupancy. Situated on approximately 1.21 acres, the property combines a multi-suite layout with substantial private parking and direct access from Spring Arbor Road. Approximately $420,000 has been invested in renovations creating a largely move-in ready professional environment. The expansive on-site parking lot provides dedicated parking. Existing leases provide a 5.9% CAP rate with a projected 8.1% CAP rate at full capacity. The approximately $172,000 in Brownfield benefits add additional value not included in these calculations. Buyer to verify terms & transferability of Brownfield benefit with Summit Twp. Zoned O-1. See attached for more detail.

Location

State MI

County Jackson

Direction Just east of M60 split on north side of road.

Interior

Interior Features Broadband

Heating Forced Air

Cooling Central Air

Inclusions Non-Applicable

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

View Y/N No

Roof Type Rubber

Street Surface Paved

Total Parking Spaces 35

Building

Building Description Block,Wood Siding,Brick, Barrier Free,Bath Common Area

Structure Type Block,Wood Siding,Brick

New Construction No

Schools

School District Jackson

Others

Tax ID 000-13-08-226-009-00

Ownership LLC

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Virtual Tour https://vimeo.com/1215294023?share=copy&fl=sv&fe=ci


Listed by Coldwell Banker Groves Real Estate
Heidi Clark

Heidi Clark

Agent

+1(720) 371-9971

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2532 Spring Arbor Road