Commercial property definition

Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.
Commercial property means that term as defined in section 2 of the obsolete property rehabilitation act, 2000 PA 146, MCL 125.2782.
Commercial property means property classified as commercial, industrial, railroad, utility, or multiresidential for property tax purposes under rules 701—71.1(405,427A,428,441,499B), 701—76.1(434), and 701—77.1(428,433,437,438).

Examples of Commercial property in a sentence

  • Commercial property - a commercial building, business premises, garage, and garage/parking spot, construction land intended for construction of commercial real estate, and agricultural land.


More Definitions of Commercial property

Commercial property means a building used in a trade or business or held for the production of income.
Commercial property means real property on which is located a business, government, or nonprofit establishment.
Commercial property means that term as defined in
Commercial property means all property, or portions of property, not included in the classes of property defined in subsections 1, 4, 11, and 12.
Commercial property means real property used, in whole or in part, by the owner or possessor of the property for a commercial, industrial, retail, or other business purpose, regardless of the identity of the property owner.
Commercial property means a building used for retail, office, or other business uses not otherwise classified as residential use pursuant to the Iowa state building code.
Commercial property means a building used for retail, office, or other uses not otherwise defined in this rule.