$278,000

216/220 E 1st

Independence IA, 50644

Description

Great investment opportunity downtown Independence IA. This sale includes the building and some equipment from the restaurant side but does not include the sale of either business. Both tenants have 5-year leases with option and pay for all utilities. There is additional income potential in an office/retail space that is currently vacant in the front of the building in the lower level. This building was built with concrete floors between the levels along with the roof. Both units have a usable dry basement and on the restaurant side it is set up as a party room. Walk in cooler and walk in freezer stay with the building along with the hood and Ansel system. There is city parking lot in the back of the building for plenty of off-street parking along with some private parking spaces directly behind the building.

Details

MLS#20205792
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1664
Days On Site9

Features

SQ Feet14,400
Story(s)1
ZoningCommercial
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Area Information
StateIA
CountyBuchanan
CityIndependence
Zip Code50644
AreaBuchanan
Listing VS Median (in 50644)
Price:
$278,000
low | high
Med:
$98,500
100% of Average
SqFt:
14,400
low | high
Med:
792
100% of Average
$ / SqFt:
$19
low | high
Med:
$31
11.870503597122% of Average
On Site:
9
low | high
Med:
366.500000
2.455661664393% of Average
Listing Updated: November 27, 2020 8:01:41 PM PST
Nathan Trappe LogoMLS Number: 20205792
Listing Provided By:
Nathan Trappe  of  Allen Real Estate Company LLC