Took a drive through Grand Oaks Business park in Eagan the other day. A nice, 100 acre business park with 10 separate buildings surrounding a lake with miles of walking trails. There is even light retail with Caribou Coffee, Timeout Sports Bar/Grill and even a bank. This area is what an office area should be like, you will even find a 9-hole putting green.
Located off Highway 55 and Dodd Blvd, close to major freeways.
]]>Eagan has great potential for those interested in industrial warehouse space. Close to four major highways, the airport and both Minneapolis-St. Paul.
Commercial Industrial Warehouse
Listed below are some of the buildings located in the area
- Lone Oak Business Center II
- Armstrong Business Center
- Northwood Business Park
- Aldrin Distribution Center
- Lexington Corporate Center
- Interstate Crossings
6 Reasons NOT To Buy A Home
Just because every REALTOR(r) is shouting to buy a home, doesn’t mean that it is the right time.
- Prices may keep on falling. Most people already have a depreciating asset siting in the drive way.
- Staying in one place is hard for a lot of people. You are going to have to probably stay in the house of 7+ years just to break even when selling.
- This sale will go on for a few more years.
- Cash reserves, make sure to have have a back up fund, you never know when “life” will happen. If all you have is enough for a down payment, it will be hard to get that money back out for awhile.
- Jobs, need I say more
- Don’t buy based on a tax credit
It really is ok not to buy at this time.
]]>Rosemount has it’s fair share of vacant commercial properties along County Road 42, plenty of prime space available. Price per square foot is a little high for the current market, might be the time to make a move if you have that entrepreneurial spirit. That means not opening a nail salon, hair salon or any other franchise you see in every strip.
Be creative.
]]>The past few months it has been fairly competitive with not much to pick from when it comes to bank owned homes. More are coming…
]]>Here are my 5 predictions for 2010
- Word of the year will be “strategic default” followed by “shadow inventory”
- Banks will require medical history before entering properties, some of these assets are getting dangerous.
- National Association of Realtors finally ditches rid of the “now’s a great time to buy” campaign. It’s probably a long shot though.
- Banks find away to make short sales shorter by roughly a week.
- Ladin Ventures will take the local real estate scene by storm
Although 5 is the only one I see coming true.
]]>Here is a quick drive through of four properties that are bank owned in Apple Valley. Inventory for bank owned homes remains low and extremely competitive for anything under $200k.
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