State Launch Commercial Property Site to Attract Buyers and Businesses

January 21, 2011 / Elizabeth Buckley, Commercial Property Analyst

A new commercial property site launching in Friday will give individuals and businesses one- stop shopping for Minnesota’s commercial properties. The commercial property site is free and will allows users to click into information of the property, demographics, the number of the area’s workforce and basic community information from every city all over the state and in 87 counties.

State Launch Commercial Property Site to Attract Buyers and Businesses

The commercial property site is developed by the Minnesota Commercial Association of Realtors and the Minnesota Department of Employment and Economic Development (DEED).

The DEED is also hoping that the commercial real estate market in Minnesota will attract more companies from other states across the country looking to relocate and expand by the website’s launch.

In the commercial property site’s preview, about 20 commercial properties are displayed as different possibilities including a Forest Lake strip center.

According to a press release, all the basic information on the commercial property is listed in the commercial property site like amenities, photos, and leases rate.

Other info listed on the site includes basic household details like expenditures within a 10- mile radius on the following: health care equipment and supplies, take- out food, books, home supplies, and more.

The site also has a view that provides breakdowns of all commercial property— for sale or for lease, as well as some estimate and leases within 1 mile radius of the site.

According to the Minnesota Department of Employment and Economic Development, a San Francisco- based GIS Planning Inc developed the commercial property site and cost approximately $85,000 to create.

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