Renovated Medical Office
2532 Spring Arbor Road, Jackson, MI 49203
For Sale
$1,500,000
Commercial Sale, Jackson, MI
Property Size5,762 SF
Lot Size1.21 Acres
Price / SF$260.33
Days on Market109
Property Features for 2532 Spring Arbor Road
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Coldwell Banker Groves Real Estate
(517) 439-1511
Listed By:
Timothy Groves
(517) 398-1514
Added: Jul 21
Changed: Oct 30
Last Checked: Nov 6 at 11:06PM
MLS# 26040268
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.
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Investment Insights
Based on property information with market context.
This 5,762-square-foot medical and professional office property contains a multi-suite layout with six bathrooms, central air, forced-air heating, broadband, and a rubber roof. Built in 1964, the building has undergone substantial renovations and includes block, wood siding, and brick construction. Existing triple-net leases support current occupancy, while additional space is available for owner occupancy or further leasing.
Positioned at 2532 Spring Arbor Road in Jackson, the property occupies approximately 1.21 acres with direct road access and dedicated on-site parking for patients, clients, and staff. It is zoned O-1. Current leases reflect a 5.9% CAP rate, with a projected 8.1% CAP rate at full capacity. Brownfield benefits are associated with the property, subject to buyer verification of terms and transferability with Summit Twp.
Positioned at 2532 Spring Arbor Road in Jackson, the property occupies approximately 1.21 acres with direct road access and dedicated on-site parking for patients, clients, and staff. It is zoned O-1. Current leases reflect a 5.9% CAP rate, with a projected 8.1% CAP rate at full capacity. Brownfield benefits are associated with the property, subject to buyer verification of terms and transferability with Summit Twp.
Key Highlights
- 5,762‑square‑foot medical and professional office property
- Approximately 1.21 acres with direct access from Spring Arbor Road
- Existing triple‑net leases with a 5.9% CAP rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,636
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,720
$1.1M
Cap Rate 7%
$751,943
$751.9K
Cap Rate 9%
$584,844
$584.8K
Market Conditions
NOI Build-Up for 5,762 SF
Gross rent
$100.3K $17.40/SF
− Vacancy
−$12.5K −$2.18/SF
EGI
$87.7K $15.22/SF
− OpEx
−$35.1K −$6.09/SF
NOI
$52.6K $9.13/SF
Area
Jackson County, MI
Vacancy
12.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,720
Cap Rate 7%
$751,943
Cap Rate 9%
$584,844
Alternative Uses
Best Use
Healthcare Medical
$751.9K
$658.0K – $877.3K
NOI $52,636 @ 7.0% cap · market cap 3.51%
Second Best
Office B
$689.9K
$603.6K – $804.8K
NOI $48,290 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$919.8K
$804.8K – $1.07M
NOI $64,387 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 49203, MI
37,269
Population
16,999
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
93%
High-School Grad
26.5 sq mi
ZIP Area
1,406
Density / Sq Mi
$55,689
Median Household Income
$37,096
Median Earnings
$992
Median Rent
$150,900
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Jackson, MI
Properties on Market for Medical Office Space in Jackson
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multi-suite professional property with dedicated parking, existing triple-net leases, and space for occupancy or expansion.
Where is this medical office space located?
The property is located at 2532 Spring Arbor Road Jackson, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,762‑square‑foot medical and professional office property; Approximately 1.21 acres with direct access from Spring Arbor Road; Existing triple‑net leases with a 5.9% CAP rate
