Looking to Purchase Commercial Property, Need Guidance

[Kalene Smith]

I have a commercial property I want to purchase but have the slightest clue where to start. I own 2 residential rentals and know the process is somewhat similar.  The building is:

• in the downtown area which is attracting a lot of new business and residential projects right now
• 4 stories (top 3 I would like to convert into living -reno and sell, the first floor I would like to recruit a restaurant)
• nearby our arena which hosts a lot of shows and draws a large crowd
• great location and a lot of potential

My question is, how do I go about:

• exploring tax credits offered for a project like this
• find the capital for the reno (I can afford the down payment but am capped out at that)
• what else should I be looking at in a commercial property?

Any help is much appreciated!