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Updated about 6 years ago on . Most recent reply
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Commercial Property Help- Please read!
First of all, thank you for reading.
I have purchased a single family home with 1.5 acres right off the highway, in the twin cities, Minnesota. I've owned it for a couple years, but I know the land is being drastically underused- I want to develop it.
To start, I need to determine if the development will be a multifamily structure, retail, or more of a warehouse with office space.
I've gone to the city to see if they have an economic developer, I've talked to my banker, but I haven't gotten very far.
Can anyone help, or point me in the right direction of where to start? Who to talk to?
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@Paul Reiland hi Paul. Im sure your city/county has a zoning department. This is all online. Look at the zoning map on their website and see what its zoned for. Once you know current zoning, then do a search (on the city/county zoning planning website) for your particular zoning and see what is allowed. Once you know what can be done with the existing zoning, you can plan out what you’d like todo. The building dept. Also has the set back requirements.... eventually you’ll want to get an architect but these are things you can do that wont cost you anything.. my $.02 good luck!