buying a house to use as warehouse

[Omeed O.]

a friend of mine that owns a restaurant mentioned to me once that he bought a house in a neighborhood behind his restaurant to use as storage for his extra supplies.  

In my business we pay around 2700 a month for warehouse storage for our excess inventory. Buying a nearby commercial building would be easily $800k and up, the houses behind me are in the $200s I was wondering if we could do the same? how would that work on paper?  does the business buy the house? do i set up a different company to buy the house and then rent it to the business?  just kicking this idea around.   what do you think?