About 2532 Spring Arbor Road
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.
Features of 2532 Spring Arbor Road
| MLS® # | 53026040268 |
|---|---|
| Price | $1,500,000 |
| Bathrooms | 6.00 |
| Acres | 1.21 |
| Year Built | 1964 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 2532 Spring Arbor Road |
|---|---|
| Area | 12131 - Summit Twp |
| City | Summit township |
| County | Jackson |
| State | Michigan |
| Zip Code | 49203 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected |
|---|---|
| Parking | Asphalt |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Construction | Block, Brick, Concrete, Frame, Wood Siding |
|---|---|
| Foundation | Basement |
School Information
| District | Jackson |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Groves Real Estate |
|---|---|
| Contact Info | tim@cbgroves.com |