MN Commercial Property Search Now Available at CERRON.com

MN Commercial Property Search Now Available at CERRON.com

Lakeville based, APPRO Development and CERRON Commercial Properties, are pleased to announce we now have an added feature on our website! You may now search not just CERRON’s active commercial property listings, but ALL commercial properties in MN (publically listed). CERRON has been working hard with our web developer to include this feature on the APPRO and CERRON website and are excited to unveil this added feature this week.

We have made it very easy to search commercial properties on our website. When you land on our home page, you will find a couple of search features on the left side of the page:

1. By clicking on the “Search Our Listings” tab, you are able to search all of CERRON’s active commercial listings posted to our website.

2. By clicking on the “CERRON Commercial Properties” tab, you will be able to search all commercial property listings (available to the public).

We have created an easy search form for you to use. Once you have entered your search criteria and click on the “Search” tab, you will see all active commercial listings meeting your search criteria.

Whether you are looking for industrial, warehouse, retail, office or land listings in Minnesota, for lease or for sale (or both!), you will be able to search these commercial property types quickly and easily with our new commercial listing search feature.

Once you find a property(-ies) meeting your criteria, feel free to contact us using the Contact Form on the listing page to schedule a showing or find out more information. You may also easily pull up the same listing by keeping the unique listing # handy to include for future reference or in the Contact Form.

APPRO and CERRON are pleased to be able to offer this added feature on our website!

Learn more about commercial and industrial building construction and properties process at the following LINK. 

Purchase I-35 Land Now: Lee Lake Commercial, Lakeville, MN

Ready to purchase I-35 Land? Lee Lake Commercial Lots are Available in Lakeville, MN

Purchase I-35 Land Now at Lee Lake in Lakeville, MN. These picturesque lots are the ideal location for retail or office with excellent freeway exposure garnering 83,000-103,000 vehicles per day in traffic counts. The site may also be an ideal location for senior housing or a memory care facility, as this property is located in C-3 zoning district (which was recently approved for this type of use by the City of Lakeville – (see Star Tribune article, Nov. 24, 2013). Additional use options may include apartments (re-zone), medical, restaurant or hotel.

Conveniently located on the southwest corner of I-35 and CR-46, this 13.91 (saleable) acre site is divisible to one (1) to two and a half (2.5) acre lots to meet your needs. Water, sewer and electricity are available on this site and multiple site options and configurations are available to review.

Join area businesses which include: Starbucks, Fitness 19, SuperAmerica, KwikTrip, Leo’s South, KFC, McDonald’s, Brunswick Zone, Gander Mountain, Pizza Ranch, HOM Furniture, AmericInn, Cracker Barrel, and Fleet Farm to name a few.

Lakeville is a growing community and is anticipated to be Dakota County’s largest city by 2040 according to a recent Vision Study completed by the City of Lakeville.

Great demographics, great traffic counts, and a great community. Now is the time to purchase a lot at Lee Lake. See our Lee Lake Commercial Lot listing page for additional details and a full brochure.

Call our friendly team today to learn more about this property and to discuss site options at CERRON Commercial Properties, a full service Real Estate brokerage.

Commercial Property Tips: 13 Spooktacular Ideas for Non-Creepy Spaces

13 Commercial Property Tips for Non-Creepy Spaces

 

APPRO and CERRON commercial property tips for non-spooky buildings “Spooky Moon” Source: rcbodden via Flickr

Our team would like to share some fun commercial property solution ideas to keep your space from being creepy (BEWARE: this blog post contains many links to helpful resources – you may need to hover your cursor over to see the link and a description will “magically” appear – only a little spooky, right!?):

  1. Clear out the spiders and cobwebs to make your space enchanting. We team up with the best subcontractors in the industry, including commercial cleaners & landscapers.
  2. If your parking lot is looking more like a graveyard, than a welcome space for your employees and visitors, it might be time to consider an exterior update. We hire the best Project Managers in the Midwest who oversee our remodel, expansion and new building projects.
  3. If your employees are looking more and more like zombies because their workspace needs changing, you may want to consider a possible remodel. Our design team can plan out ideal space configurations for your workplace.
  4. If you encounter monsters on your drive into work, you may want to consider moving your business to a different location. CERRON Commercial Properties – our website includes ALL Minnesota commercial properties*!
  5. Does the thought of finding a new space feel a little scary? A new lease space is waiting for you.
  6. Afraid of the Dark? Shed some light on your office, retail or industrial spaces by implementing new lighting and/or design options. Our award-winning Architect has the perfect solution.
  7. Are ghosts and tumbleweeds the only things passing by your retail space for lease or sale? The CERRON team can connect you with some live prospects.
  8. Wondering if it is time to sell your space, but the cat’s got your tongue. Get a quick, easy, and free market analysis.
  9. Do you find the prospect of financing a new project downright hair-raising? Clear, solid financing options are available.
  10. Face the skeletons in the closet and tackle building maintenance. Use our annual maintenance checklist.
  11. Looking for the perfect potion for configuring space or calculating financing? Easy estimating tools (space & mortgage calculators) are bubbling up in our cauldron.
  12. Are your employees howling for more space? APPRO can fast track a new building for your favorite werewolves.
  13. Finding vampires everywhere you go? Might be time to consider working with our friendly, (non-blood-thirsty) APPRO and CERRON team.

 

Wishing you and your team a very Happy Halloween!

“Orange” you going to consider sharing this? We sure would love it if you did!

MN BACK TO SCHOOL MARKET UPDATE

MN BACK TO SCHOOL MARKET UPDATE

Back to School - RE Market Report 2013The kids are off to school. It’s time to close up the cabin and focus on getting something done before year end. Fall is always a busy time in the Minnesota commercial real estate market, as we are seeing here at CERRON Commercial Properties.

Third quarter we had a noticeable change in office condominium sales. Businesses shifted to longer term leases and larger spaces. We actually had buyer wars—something we haven’t seen much of since 2007. Land sales even saw an uptick. The national retailers are back. Dealmakers were abuzz at the International Council of Shopping Centers (ICSC) convention this spring. This is all good news to a heavily beat up industry over the past six years.

We have been waiting for the inventory of distressed product to be absorbed and while there are a few deals left out there, they are dwindling. The market is heading in the other direction so if you are considering a move, now is the time.

We can help you with a market analysis. An initial one is no charge. In fact we only get paid if we produce a buyer or a tenant. Most owners pay our fee, so many times there is no charge for buyer/tenant representation services.

We now have all commercial properties for sale and lease on our website, and may be searched for free. Check it out at www.cerron.com or call me direct at 612-708-5281 email rozp@cerron.com.

 

Reducing Your Renovation Costs by Thinking Green

 

Save money during renovation and constructionReducing Your Renovation Costs by Thinking Green – Economical, Green Solutions for Renovations & Commercial Building Projects in South Metro Minnesota and North Dakota is offered by APPRO Development, Inc. & CERRON Commercial Properties.

Being “thrifty”, “cost conscious” and “green” is something we’ve hopefully all learned to do over the past few years of economic change. The positive impacts of implementing good business practices, is good for both your bottom line and the environment, a double bonus! Instead of hastily throwing something away, find a way to re-purpose the item to save you money and help prevent our landfills from over flowing, something we all benefit from.

 

During renovations or commercial building project, there are potentially ways to donate or sell items that you no longer need. Countertops, office equipment and other items could become a tax write off* or benefit someone else. If you have customized or industrial equipment you no longer use, it could be listed for sale, potentially offering you more cash for your project!

 

If you’ve decided to build or remodel a space that you own, lease, or are new property you are searching for, we are happy to help you find an economical solution by possibly re-using items and finding cost conscious options. For example, let’s say you want to open a restaurant; there may be options for purchasing used kitchen equipment vs. buying everything new. In remodeling, you may be able to reuse countertops. Take a moment to look at what you have as a way of saving $ during your project! Additional financial information for your project is available on our website for cost segregation, 1031 tax deferred exchange and finance resources.

 

Remodeling or building, in an office space, bank, hotel, restaurant, warehouse, industrial, or other commercial buildings, whatever your needs are, we work with our vendors and subcontractors to ensure that we are providing our clients with the best pricing available, while providing green alternatives. Here is an example;

 

Recently, we had a project that we tested lighting in and opted to remove as it didn’t serve the needed purpose. Instead of being frustrated with the failed test and throwing out the lights, we stopped and asked, “Is there someone who could benefit from these materials instead of throwing them away?” A short internet search led us to the MN Association of Community Theatres, where we found four theaters in the south metro, who are now the elated recipients of new lighting. It has brought us joy knowing that we have been able to provide our community theater, Lakeville Area Arts Center, along with the Northfield Arts Guild, Mankato Mosaic Theatre Company and New Ulm Actors Community Theatre with much needed lighting.

 

The next time you are considering a remodel, expansion / addition or new building, know that there are options out there to be as economical & green as possible! We’re here to assist you in using your dollars as best as possible to ensure the success of YOUR business. Please contact us to discuss your options at 952-469-2171 (APPRO Development, Inc.) or 952-469-9444 (CERRON Commercial Properties).

 

 

*As with all financial matters, please consult your tax and/or financial advisor for advice/impacts regarding your specific situation.

Commercial Real Estate Trends for 2013

South Metro space for lease or for sale

The overall commercial real estate market is improving with most sectors showing strength. The combination of low interest rates, better market fundamentals, and stronger business volumes for many companies, have helped contribute to this commercial real estate market improvement.

CoStar reported reported the…

  • “Demand for U.S. warehouse space moved from the recovery to the expansion phase in late 2012 as rising occupancy rates and limited new construction helped push (up) rents…” Randyl Drummer, CoStar News
  • “Tenant demand for office space ended 2012 on a strong note” with a good 4th quarter in most office sectors. Randyl Drummer, CoStar News (Follow him on Twitter)

Therefore, it appears that “commercial real estate markets are nearing a point that the properties are not going to get any less expensive,” Mark Heschmeyer, CoStar News. At CERRON, we have several quality listings available in many sectors, including:

  • Warehouse space for lease at 21725 Hamburg Avenue, Lakeville
  • Office/Warehouse/Showroom for sale at 21205 Eaton Avenue, Farmington
  • Office space for sale at 2809 Cliff Road East, Burnsville
  • Office space for lease at 3470 Washington Drive, Eagan
  • Office space for sale at 2430-2438 – 117th St. E., Burnsville
  • Office space at 11995 County Rd. 11, #210, Burnsville

At CERRON Commercial Properties, a south metro MN real estate brokerage, we are ready to assist you with your commercial real estate needs. Contact us today to discuss how we can find the right property solution for you…with you!

Read more: http://www.costar.com/News/Article/Rising-Demand-Propels-Warehouse-Market-to-Strong-2012-Finish/145459, http://www.costar.com/News/Article/Recovering-Office-Demand-Sets-Stage-For-Rent-Growth-Across-The-US/145245, and http://www.costar.com/News/Article/2013-Deal-Strategy-Time-To-Move-Forward-but-Prudently/145424

Are You Considering Purchasing Commercial Office Space?

By Dan Huntington

If you are considering purchasing commercial office space, there are a number of things you will want to consider.

First of all, surround yourself with a great team

According to Inc.com, “As a small business owner, you’re most likely not a commercial real estate expert. That’s why it’s important to surround yourself with the right team of experts. They can help you determine the right time to buy or sell, the right locations to consider, and the nuts and bolts of closing the deal. Here are some of the experts you may consider contacting:

  • Accountant. An accountant can help you figure out what your business can afford and analyze the tax and operating budget benefits.
  • Lawyer. A lawyer can help you complete the transaction, negotiating with the seller and lender on your behalf.
  • Commercial broker. A real estate broker can help you identify potential properties and what you can afford.
  • Mortgage broker. A lender or mortgage broker will help you sort through financing options, from bank loans to those guaranteed by the U.S. Small Business Administration, such as the Certified Development Company (CDC) 504 Program, used to finance primarily real estate or equipment”

Then, Identify the RIGHT Property…Consider the Location, Physical condition, Allowable uses, Limitations on exterior and interior, Adequacy of access and parking, Opportunity for expansion or leasing, and Physical condition (Inc.com).

This is one example of the many listings CERRON Commercial Properties has available for purchase. This property is now available for Sale – buy the entire property or one of three (3) office condos available.

Office space for sale in Burnsville MN

2430, 2434, 2438 117th Street East, Burnsville, MN 55337

To read the entire Inc.com article, go to: http://www.inc.com/guides/2010/07/how-to-purchase-commercial-real-estate.html

Sustainable Commercial Development

Last night, I was watching an interesting program on Minnesota Public Television (TPT) called “Shaping the Urban Environment.” During the show they talked about the challenges and decisions communities are faced with when developing land in an area that has scarce and delicate natural resources. They began by explaining how commercial construction and even residential development of the past generations did not focus on their impact on the local environment, particularly. This piece just reinforced how important it is for development companies to make sure they are integrating green construction options for a sustainable future. This the best way for the commercial construction industry to make sure they are a focus on environmental sustainability. APPRO Development is committed to sustainable construction services and has been for 25 years.

Below is the link if you want to watch the whole program:

http://www.tpt.org/?a=programs&id=19807

New Health Care Tax 3.8%

In 2010, Federal legislators passed a 3.8% tax on some real estate transactions to help fund $210 Billion for President Obama’s Healthcare Plan and goes into effect in 2013. While it will not effect all real estate transactions, it will significantly affect commercial real estate transactions that are typically purchased with pass through entities such as Limited Liability Corporations or Sub-S Corporations. The type of entity that is common for small business owners.

In 2013, real estate transactions may have a 3.8% tax on some (but not all) income from interest, dividends, net rents and net capital gains for individuals (or entities that have pass-through income) with an adjusted gross income (AGI) above $200,000 and couples filing a joint return with more than $250,000 AGI.

Most small businesses are formed as pass through income entities. This income is different than W-2 income. If you own commercial real estate, the IRS does not allow you to fully deduct your expenses when they are actually paid. Property improvements must be amortized over 39 ½ years. In essence you have to deduct the cost over time in the form of depreciation, instead of taking the expense in the year it occurred in to reflect the useful life of the property.

It is not uncommon for small business income to be over $200,000 on the tax return, but since expenses aren’t realized immediately, the number is inflated. At this level, income taxes are 35% to the IRS and 8% to Minnesota. With the additional healthcare tax that is 46.8% tax rate. Commercial property taxes are typically $3.00/SF – $7.00/SF per year. To put it in perspective, a 2,000 square foot building (or small shop) would pay $6,000 – $14,000/year in property taxes. This 3.8% tax will only come into play if a property is sold or inherited, so consult your tax advisor to see how this affects you. You may want to consider selling your property this year to avoid the tax.

This legislation was passed along party lines March 23, 2010 with little or no prior discussion on this tax.

The National Associations of Realtors has a brochure with examples:

: Brochure Link

MNCAR Report