$135,000.00

209 E 1st StreetIndependence, IA 50644

209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
  • 209 E 1st Street, Independence, IA
If you're looking for an investment property or a building to purchase for your own retail space, this is it! Located in the middle of mainstreet in downtown Independence, this building hosts two retail spaces and a sprawling 2500 ft2 apartment upstairs. The upstairs apartment and both of the retail spaces are currently rented. There are 3 parking spaces behind the building for customers and the upstairs tenant. There is also city parking on Main street and in the large parking lot behind the building.
MLS ID #:
20205019

Property Address:
209 E 1st Street
Independence, IA 50644

County:
Buchanan

Region:
Outside the Metro Area

Location:
Downtown

Miles to Highway:
Hwy 150

Year Built:
1876

Property Type:
Commercial

Sub-Type:
Office/Retail

Building Description:
2 Story

Date Listed:
October 2nd, 2020

Status:
Active

Price:
$135,000.00

Ownership:
LL Corp

Possession:
At Closing

Gross Taxes:
$1,890.00

Tax Year:
2020

Gross Op Income:
$18,900.00 Actual

Net Op Income:
$15,600.00 Actual

Gross Op Expense:
$3,300.00 Projected

Multi-Tenant:
Yes

Possible Financing:
Cash Convention, Subject to Tenants Rights

Terms/Lease:
Month to Month

Sale/Lease Type:
Normal Sale

For Sale:
Yes

Ivestment:
Yes

Zoning:
C1

Potential Use:
Office, Retail

Legal Desc:
S & M W8 LOT 3; E1/4 LOT 4 BLK 4

Parking:
3

Total Avail Sq Ft:
5,096 sq ft

Total Building Sq Ft:
5,096 sq ft

Retail SqFt:
2,548 sq ft

Lot Sq Footage:
4495

Acres:
0.1000

Frontage/Access:
City Street

Exterior:
Brick

Roof Construction:
Membrane

Wall Construction:
Brick

Utilities Available:
Electric, Gas, Phone, Sewer, Water

Sewer Type:
City Sewer

Heating:
Forced Air, Individual Units

Cooling:
Central

Realtor/Equal Housing Lender Listing provided courtesy of EPM, Iowa.
Listing Agent: Tyler Rasmussen
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. The data is deemed reliable but is not guaranteed accurate by the MLS.

Additional Photos

  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644
  • 209 E 1st Street, Independence, IA 50644

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