$323,500

513/515 Cedar Street

Tipton IA, 52772

Description

Excellent Investment Property in Down town Tipton. Building only for sale. 3 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 though out the building. Some units have separate utilities & some are included. Common area restroom. Agent must be contacted directly for showings. No Showing Time. 2000 sq. ft. retail space is $2.75 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.

Details

MLS#1900541
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site170

Features

Story(s)1
ZoningComm

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Area Information

StateIA
CountyCedar
CityTipton
Zip Code52772
AreaCedar
Listing VS Median (in 52772)
Price:
$323,500
low | high
Med:
$174,400
96.089644513138% of Average
On Site:
170
low | high
Med:
77
100% of Average
Listing Updated: 11/19/2019
MLS Number: 1900541
Listing Provided By:
Jeffrey Wallick  of  CORNERSTONE REAL ESTATE CONSULTANTS