Licensed Adult Foster Care

1038 Eastbury Dr Lansing, MI 48917

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FOR SALE FOR LEASE Incentives
Property Type:
Assisted Living
Amount:
$1,250,000 to $1,500,000
Cap Rate:
9.00%
Last Verified:
Jun 20, 2017

Two licensed buildings in Delta Township

Building 1. Licensed and operating 16 bed adult foster care with licensed commercial kitchen. 6,800 SF. This building is also available to lease on its own for $15 PSF.

Building 2. Currently 8 bed independent living with adult day care and offices. Offices were converted from one 8-bed wing. 6,800 SF

Sale is for both buildings which are on one parcel and share a parking lot. 


Additional URLs

Map of 1038 Eastbury Dr, Lansing, MI, 48917, USA

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.