What should I do with my 30 acres of commercial property?

[Troy Baker]

Hello, two of my brothers, my Dad and I just closed on a 30 acre corner lot that sits on two state routes. There is a small town a mile down the road as well as a pretty big factory.

So what we have is a restaurant that sits on the corner now that is old and showing its age along with a 1600 sq/ft house next to it that is in pretty decent shape. The rest of the ground (~28 acres) is farm ground currently.

Our plan so far is to continue to farm the tillable acres until we do something with it. We are also cleaning out the house to rent it out.

I am looking for suggestions on how we should continue with the rest of the acreage as well as the restaurant in the corner that is currently sitting idle.