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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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2532 Spring Arbor Rd , Jackson, MI 49203
$1,500,000
Est. Payment: $3,333.33/mo
0 Bed
6 Bath
5762 Sqft
Status: Active | Days on site: 56
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House 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.

Highlights

Listed by Timothy Groves , 517-398-1514 and Sherri Groves , 517-398-2996 Coldwell Banker Groves Real Estate , 517-439-1511.

Property Type

Commercial Sale

Lot/Acreage
1.21

Year Built

1964

County

Jackson

School District

Jackson

Listing ID

26040268

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:6
  • Full Bathrooms:6
Air Cond:Central Air
Fireplaces:
Other:
  • Additional:Broadband

Exterior Features

Garage Capacity:35
Roof:Rubber
Principal Interest
$3,333
Taxes
$484

Home Price

$1,500,000

Loan Details

30 yrs
%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,333.33 $484.00 $0.00 $3,817.33
Yearly $40,000.00 $5,808.00 $0.00 $45,808.00
Total $1,200,000.00 $174,240.00 $0.00 $1,374,240.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Jackson, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.