March 2012 Bank Owned and Distressed Commercial Real Estate Update

Here is the March, 2012 REO / Bank Owned and distressed assets / Real Estate update for the Lansing / East Lansing market. This market area includes Okemos, Haslett, Holt, Mason, Portland, Eaton Rapids and neighboring communities.

1301 E Grand River Portland Bank Owned Commercial Property

1301 E Grand River, Portland, MI

This 4,829 Sq Ft building was formerly a day spa and Curves business. With a large parking lot for 40+, men’s and women’s barrier free bathrooms and barrier free access throughout, this property has had significant updates to its electrical and HVAC systems.

Offered at $199,000

 

 

1456 Haslett Rd, Haslett, MI

This bank owned property  features over 2,600 Sq Ft of space. The property has a retail store built on the rear of the house with a parking. Separate entrance and exit drives make access to Haslett Rd easy.

Price reduced to $140,000

6237 Aurelius Lansing Bank Owned Property

6237 Aurelius Lansing Bank Owned Property

6237 Aurelius Rd Lansing

The property was last used by a Masonry company. The Yard is fully enclosed by Concrete block wall and some fencing with two gated entrances into the yard. Office Area of 1,622 sq ft plus 180 sq ft outside deck includes Reception,2 offices, Kitchen and large Presidents office with outside patio deck and shower.Full Basement

Offered at $190,000

Metrobowl Bank Owned Commercial Property

Metrobowl Bank Owned Commercial Property Lansing

5141 S MLK, Lansing, MI

Bank Owned bowling center in Lansing. .All new state of art equipment installed and new interiors. Some facade work has been done

Offered at $595,000

 

 

5011 E Grand River Webberville Bankruptcy Estate Property

5011 E Grand River Webberville, MI

.78 acres near the entrance to Webberville community schools. Former filling station site with most clean up work completed. Sale subject to the approval of the Chapter 7 Bankruptcy Court.

Offered at $49,000

 

18,000 Sq Ft Warehouse Bankruptcy Estate

770 Jackson Street, Eaton Rapids, MI

18,000 Sq Ft warehouse has been used for manufacturing in the past. 3 Bay doors with levelers and single drive in door. The office area includes over 1,700 Sq Ft plus a mezzanine office and storage. The entire building is heated with 1/2 having air conditioning units installed.

Offered at $270,000

Bank owned office building in Okemos MI

Bank owned office building in Okemos MI

4225 Okemos Rd, Okemos MI

Okemos, MI bank owned office property 3,584 sq ft currently configured for 3 tenants. Windows in all offices and excellent natural lighting with excellent foyer.

Offered at $319,900

 

 

For more information on bank owned and bankruptcy properties in Michigan, please contact Matthew Wisniewski at RE/MAX Commercial Group today. With access to the latest offerings including multifamily, shopping centers, office, retail and office bank owned property, RE/MAX Commercial Group can assist you even if the property you are looking for is not yet on the market. Visit us today at http://www.rcgmichigan.com to search additional listings, virtually meet the commercial team and find out more about our services.

For Asset Managers: If you have a property that could benefit from a premier marketing presence, appreciate timely completion of assignments and regular feedback, our commercial marketing professionals are available for assistance in both Lansing and Grand Rapids, MI. Call 517-321-2800 ext 118 for more information.

 

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