REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,098
$ 6,098
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Rent
MLS Listing ID 202601691
Year Built 2025
Annual Tax Amount $1,652
Tax Year 2023
Acres 2.9
Lot Dimensions Approx 469x240
Property Sub-Type Commercial
Property Description
BUILD-TO-SUIT opportunity: The stated price is a land lease price, but the owner is really looking for a build-to-suit and leaseback situation. Consider a commercial / industrial building that could be leased for 10-year or more making the entire lease payment a deductible expense for the tenant/user. The lease rate would be based on the land lease rate plus a capitalized rate of 8% of cost for the improvement. The site is facing I-380 with 54,400 cars per day passing in front of this site. It is served by North Liberty water and sewer with hard surfaced roads already to the site. Real estate taxes, insurance and CAM would be added to the build-to-suit monthly lease number to establish a final monthly gross lease number and a reasonable rate escalation would be built in to complete the cost package.
Location
State IA
County Johnson
Zoning I1
Direction From I80/Penn St intersection west on Penn St, south on Herkey St, east on Stoner Ct. Propertyis at the end of the cul-de-sac on the left.
Interior
Heating Other
Cooling Other
Flooring Other
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, City Water
Roof Type Other
Building
Lot Size Range Two To Five Acres
Structure Type Other
Others
Tax ID 0610452007
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Lepic-Kroeger, REALTORS
NEARBY SCHOOL & BUSINESS