(Former Strip Club) Accessing Viability of Commerical Real Estate

[Felix Sharpe]

Hi everyone,

I'm considering (using the term very loosely) venturing into the commerical real estate market. I came across an abandoned brick building in downtown Louisville that's right across the street from our federal courthouse. 

Not knowing the history of the property, i thought it would make a great law firm or insurance agency. Later found out that the place used to be a strip club that got shut down in 2010 after a raid. 

Regardless, i think the place has potential. I sent a letter to the owner asking to walk through the property. 

This leads me to my question: how do you access the market for commercial real estate? Meaning, how can i determine who the property could be let to and at what price?

I've done this exercise with residential, but it seems altogether different with commerical. Any advice the community could offer would be much appreciated.

Felix