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201 1st Street NW, Mount Vernon, IA

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201 1st Street NW

Mount Vernon, IA 52314

Property Type:Retail Sub Type:- Status:Existing Year Built:1975
Building Size:1,689 SF Land Area:.05 AC (2,178 SF)
For Sale Price:$109,900 Price/SF:$65.07
Cap Rate:7.40 %
Parking:Free Surface spaces are available; Ratio of 2.96/1,000 SF
Features:Freeway Visibility

Sale Notes:
Small leased investment. New 5 year lease with National financial services Tenant in negotiation. Tenant has been in Mt Vernon for over 10 years. Building will be updated by Tenant to meet their standards (estimate $30-35,000)
Building is 780sf plus 780sf walkout lower level with separate restroom.

Skogman Commercial Group
Mike J Shaffer
(319) 363-8286 x102

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