When deciding to invest in commercial buildings for sale in Michigan, many people focus on finding properties within a certain price range that will easily fit into their budget. Others focus more on the location and search for units that will bring them closer to their target audience and make their business more accessible. Still, others look for buildings that can accommodate their growing business and provide them with enough space as they expand their reach.
But while these factors are critical, they shouldn’t be the only things you must consider! If you’re looking for commercial buildings for sale in Michigan or if you’re planning to lease one, you should also ensure that you’ll choose the right property type. You can do so by taking these into consideration.
Consider the Purpose of the Building
Why do you want to purchase or lease a commercial property? Asking this question is crucial since it will help you narrow down your options and quickly find commercial buildings for sale in Michigan that meet your criteria. For instance, if you’re starting a dental clinic or a general practice clinic, you’ll want to look for commercial properties that are designed to meet the needs of medical facilities. If your business falls under the manufacturing sector, on the other hand, you’ll have to find properties that are built for industrial purposes.
Choose Between Traditional Buildings and Flex Spaces
Many commercial buildings for sale in Michigan are single-purpose properties, meaning they either purely contain office spaces or are designed with retail shops in mind. Choosing this type of building can be beneficial if it can provide the space and environment that your business needs. For example, if you own an accounting firm, you’ll want to lease or purchase a building with enough cubicles and open-plan work areas for your staff members, meeting rooms, collaboration spaces, break areas, and more.
On the other hand, Flex properties are designed to house a wide range of businesses. Some flexible commercial buildings for sale in Michigan contain retail spaces in the front with offices in the back. Others, meanwhile, are built with a row of offices facing the street and warehouses and storage spaces behind them. Flex properties are ideal for businesses that need different areas for different departments but want to keep everything under one roof. Flexible buildings are also an excellent choice for real estate investors who want to invest in adaptable properties that can accommodate various businesses and can be easily leased out.
Give Us a Call Today
Use these tips to choose the right building type when buying or leasing a commercial property! If you’d like to get additional advice on the building selection process, feel free to contact Levi Smith from PA Commercial, LLC. We work with business owners and property investors who are looking for commercial buildings for sale in Michigan, and we can help you find the best possible property that meets your needs and suits your budget. Learn more about our exceptional solutions by calling us today!