Commercial Property Sales Package - Minnesota 2025

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How to Sell Commercial Property List Your Commercial Real Estate Property for Sale. Market Your Property Effectively. Collaborate With a Commercial Real Estate Agent. Identify Off-Market Buyers. Search for Recent Sellers Buyers. Negotiate With Potential Buyers. Analyze Commercial Real Estate Comparable in Your Area.
When it comes to commercial closing costs as opposed to residential, sellers are most often responsible for closing costs. Commercial closing costs typically include the following items. Property appraisal.
What fees are involved in a closing? Closing costs for buyers include fees paid to the mortgage company for originating the loan, legal fees paid to the attorney who handles the real estate transaction, homeowners association fees, and pre-payments for homeowners insurance and property tax.
Closing Agent/Attorneys Fee is normally split 50/50 with the buyer, but is negotiable typically it can be $1,000-$2,000 per side, but this highly depends on the closing attorney or escrow company (depending on your state) and what they charge.
How to Value Commercial Real Estate: 4 Methods Property Value = Replacement Cost Depreciation + Land Value. Property Value = Net Operating Income / Capitalization Rate. Gross Rent Multiplier = Sales Price / Annual Gross Rents.

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Property history public records can be found online through locally-based property assessor and appraisal sites, as well as on other more broad, government entity-run websites for cities or entire states.
Often, you might pay around $4,000-$5,000 for an average-sized commercial property appraisal, but this can be more for larger buildings or lots, or complex specialized properties. This is often paid for by the buyer, but this can be negotiated between buyer and seller.

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