I am sorry for your loss…your gasoline station at Sherman Blvd and Burleigh in Milwaukee is apparently a total loss.
But here’s what you should do next:
I don’t know if the station operator was a lessee or franchisee…but whoever gets the insurance money…take it and throw down a few BP dollars and find them a new station…somewhere else.
Begin immediate plans to raze the rubble and build a bright new state of the art gasoline station. Sherman Park deserves it.
Perform a search for a new operator from the immediate neighborhood. And then provide him/her with an apprenticeship or internship or whatever you want to call it…at one of your most successful stations…and pay them.
When the new station is ready for occupancy put them in place. Provide them with management assistance for however long both of you deem appropriate.
Sell it to them on a land contract at under market rates.
Invest in this neighborhood. You can afford it. You can earn respect. You can earn a reputation as an investor in the economy and neighborhoods.
You can earn your investment back.
You can help return stability and normalcy to a shattered neighborhood.
You can help at least one minority owner begin to build some personal wealth.
You can help that owner provide neighborhood jobs…I don’t know how many that would be in a modern gas station…but it would be solid, visible, worthwhile jobs.
Are you up to the task?