The Marketing of Commercial Minnesota Properties

Some marketing ideas are out-or-date. When selling a commercial property, the property owner must find an agent who has up-to-date marketing ideas. Of course a property owner must be wary of agents who have ideas that are too far advanced. It is possible that such ideas could not be carried out.

Tried and True Tricks for Selling Commercial Property

The owner of a commercial property will sell that property faster if it has easy access to major transportation facilities, or major highways. The owner of a commercial property will also sell a property faster if it has plenty of adequate parking. A commercial property can sometimes offer the buyer a chance to earn some extra income. A commercial property will sell faster when it comes with a billboard, a source of extra income for the property owner.

An Active Imagination Can Sell a Commercial Property

The owner of a commercial property must help the potential buyer to imagine the future income that could come from a commercial property. For example, one buyer of a strip mall in California surprised the surrounding community. He managed to convert that strip mall into a popular dining location. He now has a well-publicized restaurant operating on that corner, and he is opening a new grocery on the same corner.

Types of Commercial Property in Minnesota

In Minnesota, one can find waterfront retreats on sale. One can also find retirement and vacation properties, ski resorts and conventional small businesses.

Competition for Sellers of Commercial Property in Minnesota

If you are selling an older commercial property, then you must compete with properties in the modern industrial parks, such as the one in the City of Long Prairie.

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Minnesota Real Estate News

Investors Real Estate Trust Announces Increase in Regular Quarterly Common Share Distribution, and Declares Series A ... (Marketwire via Yahoo! Finance)
Wed, 19 Nov 2008 20:40:00 GMT
Investors Real Estate Trust (NASDAQ: IRETP) announced today that its Board of Trustees has declared a regular quarterly distribution of 16.95 cents per share/unit payable on January 14, 2009, to common shareholders and unitholders of record at the close of business on January 2, 2009. The distribution reinvestment price will be the closing NASDAQ share price on January 14, 2009, less a discount ...

Sale of Woodville Mall near (The Toledo Blade)
Thu, 20 Nov 2008 09:44:48 GMT
It's been on the market for over a year. Now, the Woodville Mall in Northwood has a potential buyer. Metro Equity Management LLC, a Minnesota firm specializing in commercial real estate investment, is currently in negotiations to buy the mall, said Jeff Houge, company vice president for Development and Brokerage. "We've done our part, and we're just waiting to get a date," Mr. Houge said. ...

Minnesota / Property taxes take smaller jump (Pioneer Press)
Thu, 20 Nov 2008 06:41:20 GMT
Property taxes will increase next year in Minnesota, but they won't grow as fast as they have in recent years, the state Revenue Department reported Wednesday.

Economic Breakdown: Real Estate (BizJournals)
Mon, 17 Nov 2008 05:58:26 GMT
As the industries at ground zero of the economic crisis, residential mortgage and real estate have been hit hard by slumping sales, stagnant inventory and increasing layoffs.

Welsh Cos. announces deals, honors (Finance and Commerce)
Wed, 19 Nov 2008 21:36:21 GMT
Minnetonka-based Welsh Cos. announced two notable real estate transactions and an honor awarded to a Welsh property manager. • Welsh brokered the sale of the former Excelsior-Henderson building in Belle Plaine.

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