5,000 SqFt
5,000 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $179
MLS Listing ID 2408145
HOA Y/N No
Total Fin. Sqft 5000
Year Built 1999
Annual Tax Amount $15,782
Property Sub-Type Investment
Property Description
There are just under 2 years remaining on the current 6-year lease, which includes scheduled rental increases. Tenant is responsible for property taxes, while the landlord covers maintenance and building insurance.
The property has been well maintained with significant capital improvements, including a full interior and exterior renovation with an addition in 2017 (new HVAC installed at that time), a new roof in 2020, and new asphalt parking lot in 2022.
Strong tenant, solid improvements, and excellent visibility make this a compelling addition to any investment portfolio.
Location
State IA
County Linn
Area Marion
Zoning Comm
Interior
Interior Features InteriorFeatures
Heating Central, Gas
Cooling Central Air
Flooring Concrete
Inclusions Building
Fireplace No
Window Features Display Window(s)
Exterior
Parking Features Off Street
Utilities Available Electricity Available, Natural Gas Available
Water Access Desc Public
Roof Type Asphalt,Shingle
Building
Building Description Frame, Overhead Doors,Private Restrooms,Pole Sign,Single-Tenant,See Remarks
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
Others
Tax ID 140113300200000
Security Features Security Lights
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Virtual Tour https://www.propertypanorama.com/instaview/cdr/2408145
NEARBY SCHOOL & BUSINESS