106 College Drive, Decorah, IA 52101
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209 E 1st Street, Independence, IA 50644
MLS ID #:
20220021
Property Address:
209 E 1st Street
Independence, IA 50644
Independence, IA 50644
County:
Buchanan
Region:
Outside the Metro Area
Location:
Downtown
Miles to Highway:
Hwy 150
Year Built:
1876
Property Type:
Commercial
Sub-Type:
Office/Retail
Building Description:
2 Story
Date Listed:
January 2nd, 2022
Status:
Active
Price:
$129,900.00
Ownership:
LL Corp
Possession:
At Closing
Gross Taxes:
$1,890.00
Tax Year:
2020
Gross Op Income:
$18,900.00 Actual
Net Op Income:
$15,600.00 Actual
Gross Op Expense:
$3,300.00 Projected
Multi-Tenant:
Yes
Possible Financing:
Cash Convention, Subject to Tenants Rights
Terms/Lease:
Month to Month
Sale/Lease Type:
Normal Sale
For Sale:
Yes
Ivestment:
Yes
Zoning:
C1
Potential Use:
Office, Retail
Legal Desc:
S & M W8 LOT 3; E1/4 LOT 4 BLK 4
Parking:
3
Total Avail Sq Ft:
5,096 sq ft
Total Building Sq Ft:
5,096 sq ft
Retail SqFt:
2,548 sq ft
Lot Sq Footage:
4,495
Acres:
0.1000
Frontage/Access:
City Street
Exterior:
Brick
Roof Construction:
Membrane
Wall Construction:
Brick
Utilities Available:
Electric, Gas, Phone, Sewer, Water
Sewer Type:
City Sewer
Heating:
Forced Air, Individual Units
Cooling:
Central
Remarks: If you're looking for an investment property or a building to purchase for your own retail space, this is it! Located in the middle of mainstreet in downtown Independence, this building hosts two retail spaces and a sprawling 2500 ft2 apartment upstairs. The upstairs apartment and both of the retail spaces are currently rented. There are 3 parking spaces behind the building for customers and the upstairs tenant. There is also city parking on Main street and in the large parking lot behind the building. The city and state are also opening tremendous grant opportunities to improve these kinds of main street properties!
Listing provided courtesy of EPM, Iowa.Listing Agent: Tyler Rasmussen
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