Looking for the right type of property for a business is often more difficult than finding a home. Evaluate commercial real estate property listings in light of the needs of the business. Consider:
1. Keeping zoning laws and requirements in mind when you search for commercial real estate property listings. Not every property will hold every zoning.
2. Office space, retail space, daycare center space or industrial sites all present quite different needs. Write out your business plan. Spell out exactly what you plan to do and how you’re going to do it before you start your search for commercial real estate property listings.
3. Staying focused as you search for the perfect property for your business. Plan for possible expansion in the future, be realistic and have fun sifting through multiple listing services (MLS) business listings.
Action Steps
The best contacts and resources to help you get it done
Figure the footage on commercial real estate property listings
Space requirements must guide everything in your business venture.
I recommend: Try a free
demonstration model to help you determine office arrangements, for example. Use a
space calculator to help you figure the square footage you need before you search property listings.
Hook up with experts to expedite your business launch
Contact a commercial real estate broker in your area first. He can provide valuable information about listings and zoning issues.
I recommend: Find an experienced
real estate lawyer also. Contact the Small Business Administration (SBA). They make loans available and have
programs and services to get your business started. The Small Business Development Center (SBDC) is another valuable resource to guide your business plan and help you identify
consumer markets. SBDC services are available in every state, and usually affiliated with a state university.
Multiply your efforts with multiple listing service
Search quickly and easily for MLS business listings. Find detailed property descriptions with photos and contact information.
I recommend: Find
commercial properties for sale and properties for lease. Search posted
properties by state. Find land, office space, retail space, industrial sites, hotels and apartment complexes.
Tips & Tactics
Helpful advice for making the most of this Guide
- Realize that most commercial properties lease per square foot with no set amount.
- Consider a lease with an option to purchase when you look for commercial real estate property listings. But be prepared. Most commercial properties require at least 20% down payment of the total purchase price.
The official source of Real Estate Property Listings is
the Real Estate Property Listings page at Business.com
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