Description

FOR SALE OR LEASE. This leased investment is a commercial condo that could be leased to one or two tenants or used by an owner occupant. The latest rent on the front facing 700 foot suite (Ste 1) is $850 per month (gross) including taxes and building insurance, and the latest rent on the parking lot facing 1,075 foot suite (Ste 2) is $1,300 per month (gross) including taxes and building insurance. Suite 1 CAM is an additional $38/month and Suite 2 CAM is an additional $72.40/month (or combined CAM $110.53/month). Both spaces in this commercial condo are in very good condition and show well. Suite 1 features two large office areas, a kitchenette, and a private bathroom. Suite 2 has just been freshly painted and currently features three individual rooms/offices with sinks/cabinets and a fourth room/office that is plumbed for water. Suite 2 has a nice reception area, kitchenette space, private bathroom and access to the shared common area bathrooms. There is street parking in the front of the building for the financial services tenant (Ste 1) and a parking lot in the rear of the building for additional tenant (Ste 2). Annual taxes are $6,226, Annual insurance is $1,689 and the Annual CAM is $1,326. This commercial condo is part of an association, so the CAM paid by the owner goes to the association and the association provides all external maintenance. Each tenant is responsible for their own rental insurance. High speed fiber optic internet available!

Listing ID #202403499

Commercial For Sale

217 8th Ave, Wellman, Iowa 52356

$279,900
Beds0
Square Feet0
Construction Year1900
Lot Size0.18 Acre
Country : US
State : IA
County : Washington
City : Wellman
Zipcode : 52356
Baths0
Status CategoryActive
Virtual Tour: Click Here
Agent info
Jessica Hochstedler Yoder
KALONA REALTY, INC.
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

Features
202403499
Commercial
0 Sqft
1900
Mid Prairie
Mid Prairie
Mid Prairie
Cash Conventional Owner Financing
Negotiable
Showingtime
Hwy 22 into Wellman, South on 8th Ave. Downtown on the West side of the street
Additional Details
0.18 Acre
Zoned Central A/c
Forced Air Gas Zoned/dual Heat
Other
2024-06-14 16:10:13
66x120

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

Request a Showing

Have a question we can answer this property? Interesting in scheduling a showing? Please enter your preferences in the form. We will contact you in order to schedule an appointment to view this property.

View Similar Listings