October 2014 REO and Commercial Distressed Real Estate Update for Lansing MI Including Eaton, Ingham and Clinton Counties

Here is the October, 2014 REO / Bank Owned and distressed assets / Real Estate update for the Lansing / East Lansing market. This market area includes Okemos, Haslett, Holt, Mason, Portland, Williamston, Eaton Rapids and neighboring communities.

This month brings a sale at 608 W Saginaw in Lansing. This former restaurant site had been in the REO inventory for many years.

5995012_608_W__SaginawListed at $140,000, the property sold for $93,250. The property was physically in fair condition but had some damage from scrap metal thieves on the HVAC system.

New to the market in October is 1618 S Washington Ave in Lansing. The former home of Pockets Billiards Hall.

pocketsThis 8,260 Sq Ft building includes parking for 19 and sits at the corner of S Washington and Barnes near Lansing’s REO Town.  This sale is for just the building, no tenant fixtures or personal property  in the building is included. This sale is subject to Court approval.

Offered at $87,000

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  Lansing , MI and the surrounding metro area. Call 517-321-2800 ext 118 for more information.

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