April 2012 Bank Owned and Distressed Commercial Real Estate Update

Here is the April, 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.

NEW Listings

Bank Owned 34,000 Sq Ft Warehouse in Mason MI

222 W Ash Street, Mason MI

This 34,000 Sq Ft industrial complex is the former home of Inco Development. With over 7,400 Sq Ft of office on 2 floors, 7 dock doors and 2 drive in doors, the property has a great deal of flexibility in its usage. Electrical is on site at 480 volts, 3 phase service. Ceiling heights vary from 10 to 24 ft. The property sits on 2.14 Acres.

Offered at $859,000

Price Reductions

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.

                                                                                 Price Reduced to $179,000



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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RE/MAX Commercial Group is the Michigan commercial franchise of RE/MAX International focused entirely on commercial real estate sales, leasing and management. With associates and affiliates across the state and around the world, RE/MAX Commercial Group can help you achieve your real estate goals.
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