106 College Drive, Decorah, IA 52101
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2395 Jamestown Avenue, Independence, IA 50644
MLS ID #:
20212948
Property Address:
2395 Jamestown Avenue
Independence, IA 50644
Independence, IA 50644
County:
Buchanan
Region:
Outside the Metro Area
Miles to Highway:
20
Year Built:
1997
Property Type:
Commercial
Sub-Type:
Office/Industrial
Date Listed:
June 19th, 2019
Status:
Active
Price:
$975,000.00
Gross Taxes:
$18,974.00
Tax Year:
2018
Gross Op Income:
$87,000.00 Actual
Net Op Income:
$617,180.00 Actual
Gross Op Expense:
$25,282.00 Actual
Multi-Tenant:
Yes
Tenant Pays:
Internal Maintenance, Common Area, Common Area Maintenance, Janitorial, Trash, Snow/Lawn, Gas, Electric, Heating, Cooling, Water/Sewer
Lease Type:
Net
Sale/Lease Type:
Normal Sale
Lease $/Month:
$7,250.00
For Sale:
Yes
Ivestment:
Yes
Zoning:
M2
Legal Desc:
09889 COM 79.2W SE Cor Sec W261 N300 E261 S300 To POB
Dock Doors:
3
Drive-In Doors:
1
Total Avail Sq Ft:
3,350 sq ft
Total Building Sq Ft:
33,500 sq ft
Warehouse SqFt:
7,300 sq ft
Office SqFt:
1,800 sq ft
Retail SqFt:
4,800 sq ft
Lot Sq Footage:
371,131
Acres:
8.5200
Common Area:
Yes
Remarks: Investment opportunity with reliable Cap rate of 6.3 with possibility for improvement. Plenty of room left on this 8.5 acre property to build additional buildings for lease or personal use. Many Updates including a new Rubber membrane on roof, HVAC and Plumbing with-in the last 3 years. 3 exterior Loading docks plus 1 drive in loading bay, 4 bathrooms, 2 offices, break room, reception area, conference room, drive in loading dock, High Voltage electric hook-ups. The interior has many updates throughout. Major addition was built in 1997.
Listing provided courtesy of Keller Williams Legacy Group-Manchester.Listing Agent: Teresa Turnis
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