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513-515 Cedar Street

Tipton, IA 52772
  • $323,500
  • STATUS: Pending
  • ON SITE: 418 days
  • ID#: QC7039949
Pending
UPDATED: 41 min ago
$323,500
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1904
County:
Area:

School Ratings & Info

Description

MAJOR PRICE REDUCTION. Excellent Investment Property in Down town Tipton. Building only for sale. 2 successful business tenants already in place. Upstairs apartments are rented. One office space is rented. Building just remodeled with Retail & office space for lease in varying sizes. Room for another upstairs apartment & a rear storage space is also available for rent. All apartment appliances are owned by the property. New HVAC thoughtout the building. Some units have separate utilities & some are included. Common area restroom. 2000 sq. ft. retail space is $4.00 p/sq ft and could be split for two or another large office. Other Office space is available for lease at $2.25 p/sq. ft. Commission paid on minimum of 1 year lease up to 5 year lease. There are two 500 sq ft and one 1,000 sq ft apartments upstairs. Roof was just redone recently also. Gym business is in 515 Cedar Street and all the rest is in 513 Cedar Street. Upstairs is taxed as residential for Multi Family.

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© 2021 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nikki Sailor | RE/MAX River Cities. Data last updated: 2021-08-01T15:44:53.153.
www.nikkisailor.com/homes/106650060
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513-515 Cedar Street Tipton, IA 52772

  • Price: $323,500
  • Status: Pending
  • Updated: 41 min ago
  • ID#: QC7039949
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1904
Built
Neighborhood:
Qcara Area
County:
Cedar
Area:
Qcara Area
Property Description
MAJOR PRICE REDUCTION. Excellent Investment Property in Down town Tipton. Building only for sale. 2 successful business tenants already in place. Upstairs apartments are rented. One office space is rented. Building just remodeled with Retail & office space for lease in varying sizes. Room for another upstairs apartment & a rear storage space is also available for rent. All apartment appliances are owned by the property. New HVAC thoughtout the building. Some units have separate utilities & some are included. Common area restroom. 2000 sq. ft. retail space is $4.00 p/sq ft and could be split for two or another large office. Other Office space is available for lease at $2.25 p/sq. ft. Commission paid on minimum of 1 year lease up to 5 year lease. There are two 500 sq ft and one 1,000 sq ft apartments upstairs. Roof was just redone recently also. Gym business is in 515 Cedar Street and all the rest is in 513 Cedar Street. Upstairs is taxed as residential for Multi Family.
Exterior Features

Exterior Finish Brick Frontage Access City StreetInside LotPaved 2Lane Miles To Airport 2 Miles To Highway 0 Nearest Highway Hwy 38 Num Parking Spaces Allocated 0 Other Access None Roof Construction MembraneTar/Gravel Wall Construction Frame

Interior Features

Common Hallway YN Yes Cooling Central Air Flooring CarpetedWood Heating Individual UnitsRadiant/Base Insulation Party WallsRoofSide Walls

Property Features

Amenities CableWireless Internet Annual Taxes 2746 Building Description 2 StoryBasement For Lease Yes For Sale Yes Handicap Modified Yes Lease Type Other Location Downtown Net Operating Income 0 Number Of Buildings 1 Owner Pays Common AreaCommon Area MaintInsuranceOwner Pays OtherReal Estate TaxesStructural Maintenance Ownership Gen Partnrship Property Use Other Property UseOffice Building Sale Lease Includes BuildingLandSale/Lease Other Sale Rent For Sale Tax Incentive In City Limit Tenant Pays CoolingElectricGasHeatingInsuranceTenant Pays OtherTrashWater/Sewer Terms Lease 5 YearsOther Term/LeaseRenewal OptionYearly Total Num Units 3 Type Commercial/Cie Type1 Multi-FamilyOfficeRetail Water Supply Municipal/City Zoning Commercial

Listing provided courtesy of Jeffrey Wallick of Cornerstone Real Estate Consultants.
© 2021 RMLS Alliance, LLC. All Rights Reserved.


© 2021 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nikki Sailor | RE/MAX River Cities. Data last updated: 2021-08-01T15:44:53.153.
 
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Nikki Sailor | RE/MAX River Cities
4555 Utica Ridge Rd.
Bettendorf IA, 52722