513/515 Cedar Street

    Tipton, IA 52772
    • $385,000
    • STATUS: Active
    • ON SITE: 247 days
    • MLS #: 1800392
    UPDATED: 83 min ago
    $385,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    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.

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    © 2018 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. 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 WHY USA Eastern Iowa Realty. Data last updated: 2018-09-23T13:42:52.99.
    www.whyusa.com/homes/80065117

    513/515 Cedar Street Tipton, IA 52772

    • Price: $385,000
    • Status: Active
    • Updated: 83 min ago
    • MLS #: 1800392
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    Neighborhood:
    OT-E (East Of I-380)
    County:
    Cedar
    Area:
    OT-E (East Of I-380)
    Property Description
    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.
    Exterior Features

    Construction Methods See Remarks Lot Size 70 X 142 Roof Membrane

    Interior Features

    Basement YN Yes Ceiling Height 7Ft-10Ft11Ft-14Ft Flooring CarpetSee Remarks Heating Cooling Central AirCentral HeatGas Heat

    Property Features

    Additional Info See Remarks Building Description Multi TenantSingle Tenant Environmental See Remarks For Lease Yes For Sale Yes Gross Tax 2798 Lease Type Modified Minimum Lease Months 12 Minimum Sq Ft For Lease 110 Miscellaneous Disp WindowRest RoomsSec Lighting Net Tax 0 Owner Pays Re TaxInsuranceCamJanitorialSee Remarks Possession At Closing Power 220 Volt Property Sub Types BusinessOfficeRetail Restricted Listing No Sale Includes BuildingLand Tenants Responsibilities Include See Remarks Terms Cash Trade Bldg Business Name New Body Fitnes Traffic Count 1001-5000 Utilities ElectricGas Water Sewer Roads City SewerCity Water Zoning Comm

    Listing provided courtesy of Jeffrey Wallick of Cornerstone Real Estate Consultants.
    © 2018 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
    © 2018 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. 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 WHY USA Eastern Iowa Realty. Data last updated: 2018-09-23T13:42:52.99.
     
    WHY USA Eastern Iowa Realty
    260 33rd Ave. SW, Ste E
    Cedar Rapids IA, 52404