Sale Lease Back Office Condo Investment

836 Centennial Way, Unit 3 Lansing, MI 48917

836 Centennial Way, Unit 3, Lansing, MI, 48917
836 Centennial Way, Unit 3, Lansing, MI, 48917 836 Centennial Way, Unit 3, Lansing, MI, 48917 836 Centennial Way, Unit 3, Lansing, MI, 48917 836 Centennial Way, Unit 3, Lansing, MI, 48917
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$325,000
Last Verified:
Mar 29, 2024

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Description

Nestled in the heart of Lansing, Michigan, the commercial office condo investment property at 836 Centennial Way exudes an air of professionalism and modernity. Boasting a sale lease-back arrangement, the property offers not only immediate returns but also long-term investment potential. With a total of three tenant suites, including long term entities such as Edward Jones and Ambrose and Associates CPA, this property is a testament to its desirability among reputable businesses. Recently enhanced with a brand-new parking lot, the property ensures ample space for tenants and visitors alike, underscoring its commitment to convenience and functionality. As one sets foot onto the premises, they are greeted by a classic facade that hints at the professional environment within. Inside, the interiors cater to the diverse needs of tenants, fostering an ambiance of productivity and success. With its prime location, stable tenants, and recent upgrades, 836 Centennial Way stands as a prime example of a lucrative commercial investment opportunity in Lansing, MI.

North of I-496
South of W. St. Joe Highway
West of S. Creyts Rd.
East of S. Canal Rd.


Year Built: 1992
Building Size: 3348sq ft
Building Class: B
Lot Size: 0.06 acres

Map of 836 Centennial Way, Unit 3, Lansing, MI, 48917

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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.