$1,500,000
2532 Spring Arbor Road, Jackson, MI 49203
6 baths
- Lot
- 1.21 acres
- Built
- 1964
- Type
- Office
- On market
- 56 days
DescriptionShowHide
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.
Facts & features
Interior4
- Bathrooms
- 6
- Full baths
- 6
- Stories
- 2
- Interior features
- Broadband
Heating, cooling & utilities3
- Heating
- Forced Air
- Cooling / AC
- Central Air
- Utilities
- Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
Exterior & construction4
- Lot size
- 1.21 acres
- Construction
- Block, Wood Siding, Brick
- Roof
- Rubber
- Year built
- 1964
Property details7
- Type
- OTHER
- Sub-type
- Office
- County
- Jackson
- Parcel #
- 000-13-08-226-009-00
- Days on market
- 56
- MLS #
- 26040268
- Status
- Active
District: Jackson
No individual schools were listed for this home.
Assigned schools as entered by the listing agent. Attendance boundaries change — confirm with the district before relying on this.
DocumentsShowHide
Documents provided through the MLS where permitted for public display.
Price & tax historyShowHide
- $1,500,000
Listing courtesy of Coldwell Banker Groves Real Estate · Timothy Groves
517-398-1514 · tim@cbgroves.com
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