1111 S Paine St, Decorah, IA 52101
MLS ID #:
20220286
Property Address:
1111 S Paine St
Decorah, IA 52101
Decorah, IA 52101
County:
Winneshiek
Region:
Outside the Metro Area
Miles to Highway:
Iowa Hwy 9
Year Built:
1982
Property Type:
Commercial
Sub-Type:
Office/Industrial
Building Description:
2 Story, Free Standing, Multi-Tenant
Insulation:
Roof, Side Walls, Sound
Date Listed:
January 26th, 2022
Status:
Active
Price:
$478,000.00
Ownership:
Lim Partnership
Possession:
Negotiable, Subject to Tenant Right
Gross Taxes:
16055.00
Tax Year:
2020
Gross Op Income:
$60,465.00 Projected
Net Op Income:
$18,325.00 Projected
Gross Op Expense:
$42,140.00 Projected
Multi-Tenant:
Yes
Tenant Pays:
None
Possible Financing:
Cash Convention
Sale/Rent:
For Sale
Terms/Lease:
Renewal Option, Other Terms/Lease
Sale/Lease Type:
Normal Sale
For Sale:
Yes
Ivestment:
Yes
Avail at List Office:
Lease(s)
Zoning:
C-1
Potential Use:
Office
Legal Desc:
LOTS 2-4,5,6,1-7 BLK 6 DAY & PAINES;2-1-1 -5,1-2-3-5 & 2-2-5 SE NW
Included:
Building, Land
Total Avail Sq Ft:
11,094 sq ft
Total Building Sq Ft:
11,094 sq ft
Office SqFt:
8,915 sq ft
Lot Sq Footage:
31,799
Acres:
0.7200
Frontage/Access:
City Street, Paved 2 Lane
Exterior:
Brick
Roof Construction:
Comp Shingle
Wall Construction:
Frame
Floor Construction:
Carpeted, Tile/Vinyl
Common Area:
Yes
Utilities Available:
Electric, Gas, Phone, Sewer, Water
Sewer Type:
City Sewer
Heating:
Forced Air, Gas, Individual Units
Cooling:
Central, Individual Control, Individual Units
Remarks: This is a great investment opportunity! Most tenants in this building have been long term tenures. With that being said it would make this office building a property you should consider. Many improvements have made inside and out within the last few years including roof, windows and resurfaced parking lot. Handicap accessibility on East entrance, including elevator to lower level with separate bathroom in lower level hall. Call for a complete prospectus.
Listing provided courtesy of Kelly Real Estate Inc.Listing Agent: Michael Kelly
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