The Northern Michigan Commercial Real Estate Blog provides valuable insights and updates on the commercial real estate market in the northern region of Michigan. From trends in property values and rental rates to development and investment opportunities, the blog offers expert analysis and practical advice for investors, business owners, and real estate professionals looking to stay informed about the local market.

Whether you're a seasoned commercial real estate investor or just starting out, this blog is a must-read for anyone interested in the northern Michigan real estate market.

What's the Difference Between Single, Double, and Triple Net Leases?

An Overview of Single, Double, and Triple Net Leases

A triple net lease (NNN) is a type of commercial lease that helps landlords decrease risk. A triple net lease is one of three forms of net leases, which are real estate leases in which the tenant is responsible for one or more additional costs. Net leases are commonly employed in commercial real estate and typically include property taxes, property insurance premiums, and maintenance expenditures. Single net leases and double net leases are the other types of net leases besides triple net leases.

In a single net lease, the tenant is only responsible for paying property taxes in addition to the rent. The renter pays rent…

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SOLD: 200 Industrial Park Way Boyne City, MI 49712
MLS# 461530 - $250,000

This Boyne City commercial building is of the highest quality with steel frame construction and a 2-inch water main. This investment property generates a very solid rental income.  (Click here to see all Northern Michigan Commercial Properties for Sale)

Please contact Brook Walsh for help selling your commercial property brook@nmescapes.com, www.brookwalsh.com  or (231) 459-3179 for a showing today!

Click here to see all Boyne City, Michigan Homes for Sale)

Focused on Northern Michigan Investment Real Estate

Brook is focused on lifestyle real estate investment properties as most people want a vacation home to make lifelong…

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This article summarizes some key Michigan landlord-tenant laws applicable to residential rental units.

The Official State Statutes and other reputable municipal sources were used to research this information. All sources are cited appropriately.

With that said, landlord-tenant laws are always changing, and may even vary from county to county.  You have a responsibility to perform your own research and cautiously apply the laws to your unique situation.

If you have a legal question or concern, I only recommend contacting a licensed attorney referral service that is operated by the State Bar of Michigan. This article is not intended to be exhaustive or a substitute for qualified legal advice. (Click here to see Northern Michigan's…

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Sold: 414 Boyne City Avenue Boyne City, MI 49712

MLS: 459746 - $229,000

DOWNTOWN BOYNE CITY! Large 4 unit multifamily investment property is available for sale! Great location in downtown Boyne City! Just a block away are all the shops, restaurants and the marina and the beach is nearby! Could make a great Airbnb property! There are 3 one-bedroom units and one two-bedroom. There is a 2.5 car garage also available for additional storage. (Click here to see all Commercial Real Estate for Sale in Northern Michigan)

Live in one unit and rent the remaining units out! Several units have had recent updates. There is a large fenced in yard your tenants can enjoy. Natural gas has been metered separately. Electric has not. Could easily be metered…

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What Is a NNN (Triple Net Lease)?

A triple net lease (also known as a NNN lease) is a lease agreement in which the tenant or lessee agrees to cover all of the property's expenses, such as real estate taxes, building insurance, and upkeep. These costs are in addition to your rent and utility bills. In ordinary commercial lease arrangements, however, the landlord is usually responsible for some or all of these payments.

Commercial property net leases come in a variety of forms, including NNNs. In a single net lease, tenants must pay property taxes in addition to rent, while a double net lease usually includes property insurance.

Important Takeaways

  • A triple net lease (NNN) requires the tenant to pay all property expenses, including…

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SOLD: 246 E Main St #1 Harbor Springs, MI 49740 - $249,000
MLS: 459224 - $249,000

Newer street-level retail condo, right downtown on Habor Springs Main Street with the new restaurants and new Lyric Theatre offering plenty of foot traffic. Great street frontage and windows give a great opportunity to display the wares. Historic ambiance with 10 ft ceilings, crown molding, ceiling fans, and white oak floors, but with elevator to 600 sq ft lower level storage with high ceilings. Fire suppression system. (Click here to see all Harbor Springs, Michigan Homes for Sale)

For help selling your Harbor Springs Commercial real estate or your Harbor Springs home contact Brook Walsh - brook@nmescapes.com, www.brookwalsh.com or (231) 459-3179 today!

All…

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Opportunity knocks! This very rare opportunity will afford you the ability to have your own storefront in the ever sought-after Water Street district of beautiful Boyne City. Lots of room in this building including a full bath, 12 x 10 work area at the back, as well as a 10 x 15 private office/storage area.

This is your chance to be in the heart of it all right in the middle of the DDA, with Stroll the Streets, and all the special events in Boyne City, you will be in the center of focus! Investment opportunities like this don't come along often, and when they do, they don't last!  (Click here to see all Commercial Real Estate listing in Northern Michigan)

"I'd like to help you buy or sell your Boyne City, Michigan commercial real estate…

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One of the best uses of a limited liability company (LLC) is a vehicle for families to pool their money together to invest alongside one another. The benefits of a family pooling their money through a limited liability company come mostly from the power of an LLC operating agreement. The family LLC can invest in everything from stocks, bonds, and real estate to mutual funds and start-up businesses. (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

LLC Operating Agreement 
An LLC operating agreement can be written with all kinds of provisions. For example, the operating agreement could forbid individual family members from selling their shares of the limited liability company without the permission of all other…

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When forming a limited liability company for the purpose of starting a small business or pooling investment assets, the three most popular choices are to incorporate the LLC in your home state, form a Nevada LLC, or form a Delaware LLC. This brief overview will explain the reasons the third option, a Delaware LLC, might be a great choice to hold a family operating company, real estate portfolio, or securities such as stocks and bonds. (Click here to see Northern Michigan's finest collection of vacation rentals)

The Benefits of a Delaware LLC 

There are several benefits to forming a Delaware LLC for a family business, investment pool, or other assets. You don’t have to do business in Delaware to form a Delaware LLC because the…

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In recent years, limited liability companies, or LLCs as they are frequently known, have become one of the most popular ways for investors to structure their holdings, beating out the formerly more popular limited partnership. From families pooling their money together to Fortune 500 corporations that have subsidiaries, you may have directly or indirectly invested in an LLC without knowing it. This overview was designed to help you understand what LLCs are, why investors use them, and some of the factors you may want to take into consideration before you form an LLC or invest in one.  (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

The Potential Benefits to Using a Limited Liability Company 

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