Medical Office with Private
2532 Spring Arbor, Jackson, MI 49203
For Sale
$1,500,000
A renovated multi-suite professional property has existing NNN leases and additional space available for occupancy or leasing.
Property SizeContact for details
Lot Size1.21 Acres
Days on Market116
Property Features for 2532 Spring Arbor
General Information
Standard status
Lot size
Property subtype
Zoning
Additional Details
Condition
Cap Rate
Road Access
Tenant in Place
Property Use
Building Details
Year Built
Tenancy
Listing Agency:
Coldwell Banker Groves Real Estate
(517) 439-1511
Listed By:
Timothy Groves
(517) 398-1514
Source:
Jabachler
Added: Jul 21
Changed: Nov 11
Last Checked: Nov 13 at 1:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Groves Real Estate
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Investment Insights
Based on property information with market context.
This medical and professional office property was built in 1964 and extensively renovated. Its multi-suite layout includes leased space under NNN terms alongside additional space that can be leased or occupied by an owner. The site covers approximately 1.21 acres and includes a private parking area for patients, clients, and staff.
Direct access from Spring Arbor Road connects the property to the surrounding area. Existing leases produce a 5.9% cap rate, with a projected 8.1% cap rate at full occupancy.
Direct access from Spring Arbor Road connects the property to the surrounding area. Existing leases produce a 5.9% cap rate, with a projected 8.1% cap rate at full occupancy.
Key Highlights
- Medical and professional office property with a multi‑suite configuration
- Approximately 1.21 acres with private on‑site parking
- Existing NNN leases; additional space available
Property Analytics
Who owns this building?
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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 - A renovated multi-suite professional property has existing NNN leases and additional space available for occupancy or leasing.
Where is this medical office space located?
The property is located at 2532 Spring Arbor 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: Medical and professional office property with a multi‑suite configuration; Approximately 1.21 acres with private on‑site parking; Existing NNN leases; additional space available
