5,762 sqft

$1,500,000

2532 Spring Arbor Road, Jackson MI, 49203

Price per sqft$260.33

Built in1964

Property size5,762 sqft

Property typeCommercial

Overview

Active

Listed Jul 21, 2026

Updated 6 days ago

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.

Additional information

MLS^® ID: 70549935

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 1.21 Acres

Other Property Details

Taxes: $5,808
Tax Frequency: Annually

Also listed on REALCOMP and MichRic

Listed by Timothy Groves with Coldwell Banker Groves Real Estate
Listing Contact: 517-398-1514

Based on information originating from the MiRealSource as of 10/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/12/2026 at 10:56 PM UTC