There are several questions that must be answered to buy commercial property. The first question is why: Will the buyer be using or occupying the property or is the purchase strictly an investment whereas the buyer will manage or pay someone to manage the property? The next question is who and how: Who will be buying the property - an individual, a partnership, a corporation? How will the property be purchased or financed? Most commercial property lenders require appraisals, 20% down payments, and property financials. The third question is what: What type of commercial property will be purchased? There is warehouse, retail, shopping center, land, single use, multi use, office and many other types of commercial property. Will the property be single or multi unit? The fourth question is where: Location, location, location. Once the area of interest is firm and the questions have been answered the hunt begins. A real estate agent who specializes in commercial property often knows what is available and a great place to start.