So, you’re in the market for a new building. Where do you even start looking?
There are a few websites that can help you out once it’s time to start shopping for property.
One of the first websites I used to find a new home for STOKES|HERZOG was Loopnet. This is a commercial real estate website that lists thousands of properties for sale all across the U.S.
From strip malls to apartment complexes and vacant land, you can find it on Loopnet. Sometimes with a price, sometimes without.But it will help you get an idea of what’s out there are current asking prices.
Also, we used a number of different local realtor websites, because they have some properties listed that aren’t on Loopnet for whatever reason. It’s called the MLS or multiple listing service. All realtors are members and they have all the information you’ll probably need. Just punch in what you’re looking for on any of the sites, and they’ll show you properties all over the region.
But here’s something that a lot of people won’t tell you. Many of the buildings, the good quality properties in good locations or with good cashflow, never actually hit the open market.These are buildings that trade between brokers and business people before they’re listed.So be sure to talk to local commercial brokers.
Tell them what you’re looking for, at what price point and they can start asking around.
Local bankers like our friends Tracy Smiskey and Jody Becker at Northwestern Bank are also great people to ask about possible properties that could be for sale, because they know just about everyone in the business community.
Just be sure to allow plenty of time for your search because there aren’t a lot of commercial properties out there for sale, and so it might take some time to find the perfect new home for your business.
As always, let us know if you have any questions about the building buying process, and be sure to send us an email.
Chris Herzog is the co-owner of STOKES|HERZOG Marketing and Consulting based in Eau Claire, Wisconsin. The company handles advertising and Human Resources consulting for large corporations, hospitals, non-profit organizations and municipalities all across the U.S. Log on to stokesherzog.com for more information.
Chris Herzog and his wife Sarah Stokes, are both former WEAU television news anchors, started STOKES|HERZOG Marketing and Consulting, an advertising and public relations agency in 2014. The agency assists both local and global clients with all of their corporate business consulting, advertising, public relations, and marketing needs including video production, website management, graphic design, social media management and overall marketing and advertising strategy.