Commercial real estate in Ohio is a helpful resource if you are looking for business investment ideas. The beauty of this kind of investment is that if you do it right, you may not have to put a penny toward your purchase. In renting out a property, your tenants may pay for all costs associated to your property. Decide also whether you would like to partner with Ohio real estate developers or real estate brokers in Ohio to guide you through your search.

When you purchase OH commercial real estate, you must decide if you are interested in a longterm or short-term investment. Your choice will determine the extent of your profit return. The longer the investment, the bigger the return; assuming you have loyal tenants. Before making sure a huge purchase, do the following:

1. Make inquiries regarding economic growth in the area you're interested in.

Commercial brokers in Ohio should be able to assist you with this type of information.

2. Investigate the length of leases other property owners have contracted out.

3. Calculate whether you can achieve the desired profit margins from your OH commercial real estate.

Action Steps
The best contacts and resources to help you get it done

Settle on a size of Ohio commercial real estate you are willing to invest in

It's important that you have a good idea of the size of property you are interested in. Your decision must take into account the time that you are willing to spend on servicing and maintaining your property. If you seek loyal tenants, you need to offer an attractive location that they're reluctant to leave.

I recommend: Make a list of all the qualities and characteristics of your ideal property so your real estate broker doesn’t waste your time, and vice versa. The brokers with Jacobs Group are Ohio real estate developers of commercial property; Miller Valentine Group is a commercial construction, management and development real estate brokerage firm.

Choose Ohio commercial real estate that needs a little tender, loving care

If finances are a concern and you are skilled in construction, you may consider property that requires a little work. Sometimes doing your own painting and flooring pays off, not just because it saves you money, but it affords a sense of accomplishment. Just be realistic about what you are capable of doing. The last thing you want is to dive into something you cannot afford to buy yourself out of.

I recommend: LoopNet is a commercial real estate information and service listings provider. Vollmer Realty’s services include corporate services, tenant representation and lease negotiations.

Partner with Ohio real estate brokers to find foreclosed properties

You can usually get a great price on foreclosed properties. However, many foreclosed properties have maintenance issues, so make sure you inspect the property well. Many financial institutions who own foreclosed properties sell them 'as is.'

I recommend: Foreclosed listings are usually available through Ohio commercial realtors, as well as the financial institutions that own them. Try Ohio the real estate brokers like Cresco Real Estate, a real estate service provider, or OfficeSpace.com for foreclosed properties.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Prior to finalizing your purchase of any buildings for sale in Ohio, confirm that your rental rate will cover the costs of your property. This includes the property's mortgage, property taxes, insurance and maintenance.