REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,500,000
Est. payment /mo
Active
2532 Spring Arbor Road Jackson, MI 49203
5,762 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 5,762 sqft
Price per Sqft $260
Subdivision Mi
MLS Listing ID 70549935
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 Commercial/Industrial
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
Area Summit Twp (38017)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Parking Features 21+ Spaces
Roof Type Rubber
Building
Structure Type Block,Brick,Concrete,Frame,Wood
Others
Ownership LLC
Energy Description Natural Gas
Financing Cash,Conventional
Virtual Tour https://vimeo.com/1215294023?share=copy&fl=sv&fe=ci
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Groves Real Estate
Nearby Locations