Kristen Boen: 701.340.5592
Duane Peterson: 701.240.3660

Good Things to Know When Purchasing Land for Commercial Use

Purchasing land for commercial development can be a more detailed and complicated process than most people realize when they are doing so for the first time. If you are considering purchasing land for commercial development there are some important things you will want to know and ask yourself during the process.  

Concerns Regarding Land Use 

The main question you will want to answer about any land you may be considering for development is of course, “Is the property best suited for your commercial development?”  

To help you answer this question you can ask yourself more questions such as:  




Of course there will be more costs involved in developing a commercial property than just the purchase price of the land. Some costs you have probably added into the total price of your investment while others you may not have thought about. It is easy to forget some costs as there are many things that can add up quickly. Here is a list of common expenses to add to the overall cost of development.  



Developing commercial land for the first time can get complicated and overwhelming if you go it alone. It is a great idea to hire a commercial real estate pro knowledgeable in local commercial real estate to help in the process of your purchase. The team at Minot Commercial is here to guide you through any commercial real estate needs. You can contact us at any time. 

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