1304 S Market St - Health Care FOR SALE


Lake Park, IA 51347
$319,000 USD
712-320-0482
1304 S Market St, Lake Park, IA for Sale
$319,000 USD
Health Care - FOR SALE
1/9
null | Request Cap Rate

1304 S Market St
Lake Park, IA 51347


HIGHLIGHTS

  • High Traffic Location.
  • High Visibility
  • Highway Access

OVERVIEW

Attention investors and redevelopers! This expansive 14,000+ sq ft property is for the visionary looking for opportunity. Located on the main entrance to Lake Park the 1.86 acre +/- parcel is conveniently located in a thriving community with demand for many different use types of the property. The property could be renovated as an attractive independent / assisted living facility, it could be made into apartments, office suits, retail space, a daycare, or — whatever you can imagine! As the property sits currently, there are 29 bedrooms, 20 bathrooms, and multiple additional spaces; including a large scale living room, dining room, and kitchen, multiple storage rooms, and staff rooms. At just over $26 a sq ft this property is ideal for redevelopment into a community asset and cash flowing asset. *Please note many uses for the property, including those listed, may require zoning approvals through the City of Lake Park.

FOR SALE DETAILS

PRICE

$319,000 USD

PRICE/SF

$17 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Nursing Home

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

Residential

APN/PARCEL ID

01-34-152-001

ASK ABOUT THIS PROPERTY

Seth HellingaReal Estate UnlimitedMore Info
712-320-0482

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Seth HellingaReal Estate UnlimitedMore Info
712-320-0482

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