$1,500,000
Jackson, MI 49203
MLS# 26040268
5762 sqft
1 / 61
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.
Details
Documents
Location & Property Info
Cross Streets: Warren Ave
Property Sub-Type: Office
Municipality: Summit Twp
Principal Road: Yes
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 260.33
Prop Avail for Lease?: Yes
General Property Info
New Construction: No
Lot Dimensions: 298 x 347 x 686
Road Frontage: 298
Waterfront: No
Year Remodeled: 2026
Total # Units: 4
Total # Bldgs: 1
# Fin Bldg Lvls: 2
Total SqFt: 5762
Property Use Type: Business
School District: Jackson
Lot Measurement: Acres
Lot Acres: 1.21
Lot Square Footage: 52708
Year Built: 1964
Full Baths: 6
Tax Info
Taxable Value: 108461
SEV: 127500
For Tax Year: 2025
Seller's Annual Property Tax: 5808
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: None Known
Zoning: 201- COMMERCIAL
Tax ID #: 000-13-08-226-009-00
Remarks & Misc
Public Remarks: 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.
Legal: Per Recorded Deed
Additional Details
Total Parking Spaces: 35
Street Type
Paved: 1
Public: 1
Property Use
Business: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Professional Service: 1
Professional/Office: 1
Construction Type
Block: 1
Concrete: 1
Frame/Wood: 1
Exterior Material
Block: 1
Brick: 1
Wood Siding: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
Full: 1
Walk-Out Access: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Non-Applicable: 1
Additional Features
Barrier Free: 1
Bath Common Area: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Driveway
Asphalt: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Jackson
Street #: 2532
Street Name: Spring Arbor
Suffix: Road
State: MI
Zip Code: 49203
OfficeContract Info
Status: Active
Current Price: $1,500,000
List Price: $1,500,000
Listing Date: 2026-07-21
Remarks Misc
Directions: Just east of M60 split on north side of road.
Property Features
Property Use: Business
Uses: Professional Service; Professional/Office
Ownership: LLC
Business Includes: Non-Applicable
Construction Type: Block; Concrete; Frame/Wood
Exterior Material: Block; Brick; Wood Siding
Roofing: Rubber
Below Grade: Full; Walk-Out Access
Additional Features: Barrier Free; Bath Common Area
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Possession: Close Of Escrow
Additional Details 
Listing Office: Coldwell Banker Groves Real Estate
Listing Agent: Timothy Groves
Last Updated: September - 15 - 2026
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