101 E Jefferson St - Office FOR SALE


Winterset, IA 50273 | 
$399,500 USD
515-210-3210
101 E Jefferson St, Winterset, IA for Sale
$399,500 USD
Office - FOR SALE
1/40
null | Request Cap Rate

101 E Jefferson St
Winterset, IA 50273


HIGHLIGHTS

  • Off-street parking lot
  • Basement with renovation potential
  • Main floor office/reception space recently renovated

OVERVIEW

Unique opportunity to own an historic building in a prime location on Winterset's bustling town square. Originally built as a bank, the all-brick and concrete building is solid and in excellent condition. Most of the original 1913 woodwork has been preserved with modern updates throughout. Currently used as office space, the property has potential for retail as well. The main floor houses 5 offices, a lobby/reception area, kitchenette, original bank vault, updated bathroom and two exterior accesses, including a ramp. The second story has 6 offices and a bathroom with separate access from the street. The basement offers storage on one side. The other side is an old bathhouse with street access. This space is in need of renovation, but has a full mosaic tile floor in beautiful condition. Newer furnaces (2) and a/c. Included with the property is off-street parking, a huge asset. Partially rented with ample opportunity for additional income. This building is on the registry of National Historic Places. Just 30 miles to Des Moines, Winterset is the county seat and boasts a viable work force and ample tourism to its charming square, covered bridges and the John Wayne Birthplace museum. All information obtained from seller and public records. Current rental income is $2150/ mo with tenants on a month-to-month lease. Additional space is available.

FOR SALE DETAILS

PRICE

$399,500 USD

PRICE/SF

$118 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,397 SF

ZONING

Commercial

APN/PARCEL ID

828-00-01-12030000

ASK ABOUT THIS PROPERTY

Heather HellandRE/MAX PrecisionMore Info
515-210-3210

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Heather HellandRE/MAX PrecisionMore Info
515-210-3210

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.