Selling Commercial or Industrial Property
updated: Friday, April 13, 2012To help maintain the quality of all St. Louis Park properties, all buildings must be inspected before they can be sold or ownership is transferred. To ensure you're ready for the closing, apply for your Property Maintenance Certificate inspection before or shortly after placing the property up for sale. A Property Maintenance Certificate must be presented to the buyer at the closing.
Step One -
Seller or seller's agent applies for an inspection and pays the inspection fee. Commercial Point of Sale Application.
Commercial/Industrial Inspection Fees -
| Area (Square Feet) | Cost | ||
| Up to 5,000 sq. ft. | $290 | ||
| 5,001 - 25,000 sq. ft. | $440 | ||
| 25,001 - 75,000 sq. ft. | $650 | ||
| 75,001 sq. ft. - 100,000 sq. ft. | $860 | ||
| 100,001 - 200,000 sq. ft. | $1,070 | ||
| 200,001 Sq. Ft. and greater | $1,280 |
Multi-Family Structures Fees-
| Per Building | $250/ Building |
| Per Unit | $12/ Unit |
Step Two -
City Inspectors checks the building(s) and property to ensure it conforms with the Property Maintenance Code.
Step Three -
The inspector finds that the building and property comply with the code. A Property Maintenance Certificate is issued. The certificate is valid for one year to the transfer title .
OR
Code violations are found and a corrections report is issued. Corrections are made and the property is re-inspected. Once the building complies with the code, a Property Maintenance Certificate is issued. The certificate is valid for one year to transfer the title .
For more information, call the Inspections Department at (952)924-2588
