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Updated about 10 years ago,
Please provide any suggestions how I can stop the bleeding
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!