1015 N 18th St - Retail FOR SALE


Centerville, IA 52544
$2,795,000 USD
586-202-2340
1015 N 18th St, Centerville, IA for Sale
$2,795,000 USD
Retail - FOR SALE
1/13
null | 10.02% Cap Rate

1015 N 18th St
Centerville, IA 52544


HIGHLIGHTS

  • Tenants provide essential health services and entertainment to the region
  • Iowa Trust Savings ATM pad adds ancillary income
  • Upside through leasing vacant in-line retail and warehouse space
  • Major capital improvements have already been completed within last 3 years: new roof, parking lot resurfacing, HVAC upgrades
  • NOI: ±$280,000 (±10% Cap Rate)

OVERVIEW

±38,800 SF multi-tenant retail center in Centerville, IA. ±78% occupancy with stable, long-term tenants including Fridley Theatres (20+yr presence), River Hills Health (15+yrs), Subway (since 2007).

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$72 USD /SF

CAP RATE

10.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.71 AC

LAND SF

292,288 SF

ZONING

Commercial

APN/PARCEL ID

341011002000000

ASK ABOUT THIS PROPERTY

Josh MillerFriedman Real EstateMore Info
586-202-2340

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Josh MillerFriedman Real EstateMore Info
586-202-2340

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