About This Home
This 0-bedroom, 6-bathroom commercial at 2532 Spring Arbor Road in Jackson, MI is listed for $1,500,000 ($260 per sqft). Built in 1964, the home offers 5,762 sqft of living space on a 1.21 acres lot.
Key Features
- Built in 1964
- 1.21 acre lot
- 2 stories
- 35 parking spaces
Property Details
Amenities
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.
Monthly Cost Estimate
$8,022/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2532 Spring Arbor Road
Jackson, MI 49203
Features & Amenities
Interior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 6-bathroom commercial at 2532 Spring Arbor Road is listed at $1,500,000 ($260/sqft). The estimated monthly payment is $8,023 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1964, 1.21 acre lot, 2 stories, 35 parking spaces. Interior Features: Broadband.
This property is listed by Timothy Groves and can be reached at 5173981514.
