123 E 1st St - Office/Residential FOR SALE


Monticello, IA 52310
$65,000 USD
641-521-9861
123 E 1st St, Monticello, IA for Sale
$65,000 USD
Office/Residential - FOR SALE
1/30
null | Request Cap Rate

123 E 1st St
Monticello, IA 52310


OVERVIEW

Find your next prime economic development opportunity here! Located in the center of downtown Monticello, IA across from City Hall, this three-story building holds just under 8,000 SF of space with options to add another 1,100 SF addition in the rear. 2,460 SF of commercial space with 5,471 SF of residential space available. Main level is currently finished as an office and is occupied by a law firm with options to lease the remaining commercial space to another business. The rear of the main floor features additional space that is currently setup for residential occupancy but will require an extensive renovation. The second and third floors boast 2,460 SF each but both floors will also require extensive renovations. Building will require structural repair of the South wall. This building was originally built as a bank and the concrete vault still remains!

FOR SALE DETAILS

PRICE

$65,000 USD

PRICE/SF

$8 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1885

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C, MR R3+

APN/PARCEL ID

02-22-357-021

ASK ABOUT THIS PROPERTY

Joel RobinsonIkon Investments, Inc.More Info
641-521-9861

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Joel RobinsonIkon Investments, Inc.More Info
641-521-9861

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