$110,000

304-306 1st St. East

Independence IA, 50644

Description

Dont miss this opportunity to own a part of downtown Independence. Two Main Street buildings for the price of oneoffering high exposure to traffic and pedestrians. These well-maintained buildings offer tremendous potential for many types of retail businesses and offices. There is just one opening joining the two which could easily be closed to completely separate the buildings or keep it open for over 3,000 square feet on the main level. Each building has its own front and rear entrances, full basements and separate utilities. The second floor of both buildings are also completely separate and could be utilized for additional income with remodeling. The west (304) building received a new furnace and central air in 2002. The east (306) building received a new boiler in 2005 and features the original 12-foot high tin ceiling. Both roofs have the Ruberoid Torchdown System painted silver with a non-fiber aluminum roof coating, west side done in 2001 and east side a year or two later. Seller would prefer to sell the buildings together, however, will consider separating at $67,500 for 304 1st St. E. and $63,500 for 306 1st St. East.

Details

MLS#20191317
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1880
Days On Site425

Features

SQ Feet5,716
Story(s)2
ZoningC-1

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Area Information

StateIA
CountyBuchanan
CityIndependence
Zip Code50644
AreaBuchanan
Listing VS Median (in 50644)
Price:
$110,000
low | high
Med:
$132,950
29.136363636364% of Average
SqFt:
5,716
low | high
Med:
437
100% of Average
$ / SqFt:
$19
low | high
Med:
$74
100% of Average
On Site:
425
low | high
Med:
254.5
100% of Average
Listing Updated: 05/25/2020
MLS Number: 20191317
Listing Provided By:
Curt Martin  of  RE MAX Independence Realty