May 2012 Bank Owned and Distressed Commercial Real Estate Update for Lansing MI

Here is the May, 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 for May 2012

4064 Holt Rd Professional Office Space Bank Owned4064 Holt Rd, Holt Michigan

This updated former chiropractic and massage office in Holt is ideally located with easy access from US-127 as well as Cedar Street. A large pole sign remains as well as canopy signage space. The building features 1524 Sq Ft on each floor with handicap access ramps to both floors.
Offered at $64,900

2110 Methodist St Okemos Bank Owned Property

2110 Methodist St, Okemos, MI

Newer commercial building with over 1,500 square feet and a drive-thru window. The interior of the building is divided into a reception area, small office, open areas for the operation of the existing dry cleaning business, and a mezzanine area for storage.

Previously $150,000, now offered unpriced and accepting bids.

 

3490 Belle Chase Way Lansing MI Distressed Commercial Property

3490 Belle Chase Way Lansing, MI

Two-story multi-tenant office building with 15,420 square feet. Features include modern office space, tall ceilings and large outdoor patio. This 1.73 acre site is conveniently located near 127/96 and 496 Expressways. Paved parking lot provides 100+ parking spaces.

 

Previously priced at $1,295,000, now offered unpriced and accepting bids

Price Updates

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.

Price Reduced to $39,900

 

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.

Reduced to $829,000

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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