Grand Marais (MI) commercial apartment / condominium building for lease, Grand Marais (MI) commercial real estate for lease or rent

Grand Marais (MI) 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 Grand Marais building is to be leased, the lessee can be responsible (most likely) for all the upkeep and service charges related to the Grand Marais (MI) apartments or condominiums.

Grand Marais rental properties make a great investment income, but having to pay large down payments for Grand Marais (MI) property can eat up capital you may need for future repairs or Grand Marais (MI) property improvements and developments, by utilizing a master lease option you can save the up-front costs, build equity into your Grand Marais (MI) property and finance via bank loans at a later date. Have a good lawyer write up your real estate contract to protect your future plans, and research the Grand Marais (MI) property for any bank holding or liens.