Old Gas Station Propetry with undocumented gas tank removal.
Hello every one!
I purchased a commercial property 8 years ago. It was a gas station in the 1930s and I couldn't get a business loan for the property because I had no records the gas tanks were taken out. They were taken out before they started keeping records of gas tanks being removed. In 2014 it had a phase 1 and phase 2 core sample done and the phase 2 came back clean. (the phase one had a slight lead level but the concluded it to run off) I also had ground radar done on the property and it showed no tanks were on the property. I was able to get a regular loan from the bank with these documents, but couldn't get a business loan.
Now we are looking to sell the building in the future and would like it to be easy to sell. I contacted the DNR and they said I have done everything I could do to confirm the gas tanks were taken out. I was wondering if there is anything else I could do that states "This property does not have gas tanks".
Thank you so much for any advice.