$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
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site633

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:
$199,000
88.485316846986% of Average
On Site:
633
low | high
Med:
50
100% of Average
Listing Updated: February 25, 2021 11:35:36 AM PST
Jeffrey Wallick LogoMLS Number: 1900541
Listing Provided By:
Jeffrey Wallick  of  CORNERSTONE REAL ESTATE CONSULTANTS
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Cedar Rapids Area Association of Realtors®.