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    7845 Spring Arbor Road Spring Arbor, MI 49283

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    New
    For Lease
    $12 SF/Yr $3,220/Mo (calc)

    COMMERCIAL - Spring Arbor, MI

    Type:Retail
    Property size:
    3,220 SF
    Lot size:
    8.40 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 23 at 7:06 pm

    Property Features for 7845 Spring Arbor Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking
    100
    Parking features
    Driveway
    Fireplace
    1
    Standard status
    Active
    APN
    000-12-15-351-001-07
    Size
    3,220 SF
    Lot size
    8.40 Acres

    Taxes and HOA fees

    Tax Description
    BEG AT SW COR OF SEC 15...

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Number of units
    1
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Doug Beiswanger
    Doug Beiswanger

    Listing agent Doug Beiswanger License #6502425012

    Listing office Coldwell Banker Beiswanger Realty Group 1331 Horton Rd., Jackson, MI

    Listing date Apr 22, 2026

    MLS# 26017008

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spring Arbor Retail/Office Space

    This highly visible retail/office space is available for lease along Spring Arbor Road, offering 3,220 square feet. Under new ownership, this well-maintained shopping center offers two flexible suites. Tenants can lease a single 1,610 square foot unit or combine both spaces for a total of 3,220 square feet. The space is ideal for retail, medical, office, or service users seeking strong neighborhood traffic. The property is part of an established tenant mix that includes Henry Ford Health, County National Bank, Biggby Coffee, Academy of the Arts, and Maximum Gymnastix, creating a steady flow of daily destination traffic and cross shopping. The center is surrounded by a dense mix of national and local retailers and restaurants along the Spring Arbor Road corridor, one of the primary commercial routes serving west Jackson and Spring Arbor. The location benefits from a strong daytime population and student presence, with over 117,000 residents within a 10-mile radius and proximity to Spring Arbor University. The property is located in Spring Arbor, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joel D Miller, ... Pediatrician Henry Ford Jackson ... Medical Clinic Henry Ford Medical ... Medical Clinic County National Bank Bank Amanda Chivu Brannick Physician

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Arbor
    County
    Jackson
    State
    Michigan
    Longitude
    -84.536229
    Latitude
    42.208652

    FAQs

    What type of property is this?
    Retail space - Highly visible retail/office space in a well-maintained shopping center.
    Where is this retail space located?
    The property is located at 7845 Spring Arbor Road Spring Arbor, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on Spring Arbor Road with strong neighborhood traffic.; Flexible space options: **1,610 SF single unit or combined 3,220 SF**.; Located in a well‑maintained shopping center under new ownership.
    (517) 914-9555
    We can help!
    Listing Contact
    Doug Beiswanger
    Doug Beiswanger
    Real Estate License ID: 6502425012
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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