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Updated over 10 years ago on . Most recent reply

User Stats

332
Posts
74
Votes
Pavel Sakurets
  • Investor
  • Minneapolis, MN
74
Votes |
332
Posts

Please provide any suggestions how I can stop the bleeding

Pavel Sakurets
  • Investor
  • Minneapolis, MN
Posted

I listed one of my office buildings for rent or sale 4 month ago, 809 Main St, Hopkins MN for 417k, dropped the price to 359k, still no offers. 

Pictures are at this link:

http://www.realestateliquidators.com/defaultlistin...

It's listed on www.Northstarmls.com and www.loopnet.com

My pmt is 4k/month including taxes and insurance.

I'm asking $3500/month in rent.

Last week I put a new sign that I can rent out the main floor for $2500 and the basement for $1000.

Not sure what else I can do to move this building, selling it at 200k loss. It's a one story office buildings that has 3000 sq ft on the main floor and finished basement with a shower, conference room, fire place and bar. It's really cool-looking.

Any ideas how can I get it sold or occupied will be very much appreciated. Or maybe to open a business (night club or bar :) It was a restaurant 6 years ago.

Will send you a check for $1000 if your idea works and I get the building sold!

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