So you own some property or an older building and you would like to maximize your investment? What should you do? Where do you get started? MMS Properties has the expertise and experience to answer these questions and maximize your return on investment (ROI). Let us help you make the best long-term decisions for you and your property. One of the best ways to get started is writing and designing a comprehensive business plan that outlines your project and provides all of the details concerning how the project will be funded and what needs to be accomplished. MMS Properties can work with you in preparing this valuable tool as a road map of where you want to go.
In the commercial development world there are two basic types of property; Investment Property and Owner Occupied property. Deciding which of these catagories describes your property is one of the first questions you will need to answer for your banker or investment partner. There are significant differences between these two definitions. MMS will help you decide which type of property you have and what is the best way for you to better utilize your property.
Another question in property development is to determine what type of properties you want to develop. The different types of space include retail, office, warehouse, industrial, residential or a combination thereof, commonly called "mixed-use" property in today's environment. The trend today in our urban environment is high-density, mixed-use properties which may or may not include residential units. To maximize square foot space you might chose to add stories to the existing framework of your building or to reconfigure the floorplan. These and many other decisions need to be decided before proceeding with redevelopment or construction.
A thorough understanding of City regulations must be considered in your property development plans. (See 'City Requirements' page.)
Why reinvent the wheel? MMS Properties has worked with all of these kinds of properties many times and can help guide you through the myriad complexities that must be overcome to develop property within the City of Minneapolis.
Whether we act as your consultant or actually do the construction, our expertise in previously doing many similar projects will reduce your development costs and help your project achieve success.