Buildings Going For Cheap In GraftonThe city of Grafton is buying old buildings from the county and fixing them up them for businesses to move in.
The city of Grafton is buying old buildings from the county and fixing them up them for businesses to move in.
Hill Avenue in Grafton is one of the busiest streets in town and there are only a few open spots on this piece of real estate.
"As a community we take buildings in some are good some are bad and we try to get them back on the tax role so viable businesses can be in there so that are functional businesses in our community," said Mayor Chris West.
When businesses close their doors and stop paying taxes, the county allows the city to buy the buildings for a dollar. The city then refurbishes them to minimal working conditions.
"We've probably had minimal expenses on some of them you know $5,000, $10,000 on some. We have had major roof repair on one so we're probably on the $50,000 mark or right in that area," said Chris West.
On some of the buildings, the opening bid is the amount of the repairs. The city has small requirements for leasing.
"We do try and hold the deed for a year if its a start up business so we don't have to go through the process again of the building going to the county then back to the city," said West.
West says for a new business or existing business it's a great way to start or expand.
"If it was in a Fargo or Grand Forks community its going to be worth hundreds of thousands of dollars vs. the smaller amount that we're looking to get rid of them for," said West.
If you want to look at the building listings go to www.Graftongov.com