$ 1,500,000
-
$1,500,000
Price -
1.21
Acre
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About the Listing 53097788100526 - 53097788161277,53097788115028
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.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air,Central Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5762
- Basement: Basement
- Other: Forced Air,Central Air
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 298 x 347 x 686
- Zoning: Commercial
- Roof: Rubber
- Others: Block,Brick,Frame,Wood,Paved
- Sewer: Sewer (Sewer-Sanitary),Storm Drain
Financial Details
- Tax Amount: $5,808
- Taxes w/Assessments: N/A
- Tax/Property ID: 000130822600900
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
2532 Spring Arbor Rd Summit Twp, MI 49203
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