Commercial property can help diversify a real estate portfolio. Investors who own mostly residential buildings are always at risk of losing money when units are vacant. With the length of most residential leases being one year or less, the tenants can cause a landlord to spend a lot of time and money on marketing. However, leasing terms for commercial property are much longer, usually at 5 years or more. A commercial lease can also be structured so that the tenant handles most of the maintenance. If you crave more stability to your income, now is the time to buy Commercial Property in Wisconsin or Minnesota!
Why should I buy Commercial Property in Wisconsin or Minnesota?
Wisconsin is a great place to work and play! Being one of the nation’s leading dairy producers, it is known as “America’s Dairyland.” While famous for its cheese, manufacturing, information technology, and tourism are also major contributors to the state’s economy. The wisconsin.gov business site has many tools and services to help you start the process of researching what it’s like to have commercial property in Wisconsin. View the Wisconsin Guide for Property Owners here.
Minnesota is also a great state to buy commercial property in. The state has a large number of lakes, and is known by the slogan “Land of 10,000 Lakes.” Nearly 60 percent of its residents live in the Minneapolis–Saint Paul metropolitan area (known as the “Twin Cities”.) The remainder of the state consists of western prairies and north woods. Companies like Target, UnitedHealth Group, 3M, General Mills, U.S. Bancorp, Ameriprise, Hormel, Land O’ Lakes, SuperValu, Best Buy, and Valspar are headquartered in Minnesota. View the Minnesota Guide for Property Owners here.