Current commercial real estate investments in Michigan have the potential to rake in significant profits for investors due to a thriving economy, strategic location and diverse range of industries. However, investors must perform due diligence before investing in real...
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Commercial Real Estate
New property owners may have to honor an easement
An easement is an agreement between two property owners. It specifies that someone who is not on the title for that property still has a right to use it in a specific way. For example, a neighboring property owner may need to cross that property to enter their own,...
Negotiating a commercial lease for a retail store
If you decide to open a retail store in Michigan, you will probably look for a location that will provide good visibility and plenty of foot traffic. Once you have found the perfect location, you will be in a position to negotiate a lease with the landlord. This could...
Why real estate investors are seeing a rise in costs
Real estate investing is changing. Michigan investors are seeing this firsthand as they face increased property insurance rates. This increases costs, which may force some landlords to increase rents. Increased rates Global property insurance premiums have risen 4%...
The pros and cons of commercial real estate investing
Real estate investing is one of the most effective ways for Michigan residents to increase their net worth. One of the most appealing aspects of real estate investing is its diversity, as every type of investment is different. For instance, commercial real estate...
Facts about commercial real estate
Michigan commercial real estate is typically more expensive to purchase as an investment than residential houses. This type of real estate includes vacant land, apartment and office buildings, retail stores and shopping centers, warehouses, restaurants, movie theatres...
5 reasons to consider commercial real estate in Michigan
Finding ways to protect and grow your wealth in Michigan should be a priority, although doing so is not always easy. One of the best options available is investing in commercial real estate. Here's why: Increased return on investment Commercial real estate has...
Understanding the most common types of commercial leases
In Michigan, commercial leases have several variables affecting the terms and methods used to calculate rents. Understanding the most common commercial leases and the mechanics of those calculations is crucial for tenants to ensure their lease contract is fair and...
Can you sell an operating business and commercial real estate together?
It is possible to sell a commercial property and an operating business together in Michigan. However, it is not always advisable. It can be a tricky process that has numerous pitfalls. Business brokers are ideal for the valuation of a business If you’ve been operating...
Real estate comps: what whey are and how to find them in Michigan
Comps, or comparative market analyses, are an important part of the real estate process. They help you determine the value of a property to ensure you make the right offer. Here’s what you need to know about real estate comps. What are real estate comps? Real estate...