Michigan City (IN) commercial apartment / condominium building for lease, Michigan City (IN) commercial real estate for lease or rent

Michigan City (IN) apartment and condo buildings are sometimes great investments as they can be leased in part or in whole to a single tenant or several tenants. If the whole Michigan City building is to be leased, the lessee can be responsible (most likely) for all the upkeep and service charges related to the Michigan City (IN) apartments or condominiums.

Why lease your Michigan City (IN) apartment building and not just buy? It could take up to 30% down payment to make that happen, but with a master lease you can acquire Michigan City (IN) investment property for a smaller down payment and fairly lower risk. If you are wanting to eventually purchase the Michigan City (IN) property, make sure your lease is drawn up by a capable attorney who knows real estate law thoroughly.