Sale Price $249,900 - MLS: 202503000
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 $8,572, 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
MLS #: 202503000
Sale Price: $249,900
Year Built: 1900
Sq Ft: 1845.0
Business: Medical Or Dental, Office Building, Retail, Other
Construction: Brick, Frame
Floor Type: Concrete Slab Grade, Carpet, Ceramic Tile
Financing:
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Acreage: 0.18
Lot: 66x120
Frontage: County Road, Paved
Energy Generation:
Heat/Cooling: Natural Gas, Forced Air, Zoned, Central Air, Zoned
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: KALONA REALTY, INC. - Agent: Jessica Hochstedler Yoder - Information furnished by Iowa City Area Association of Realtors