405 Chestnut St - Storefront FOR SALE


Atlantic, IA 50022
$114,900 USD
712-243-4100
405 Chestnut St, Atlantic, IA for Sale
$114,900 USD
Storefront - FOR SALE
1/15
null | Request Cap Rate

405 Chestnut St
Atlantic, IA 50022


HIGHLIGHTS

  • Fully leased commercial investment property with in-place tenancy.
  • Located within Atlantic's historic downtown business district.
  • Additional private parking spaces located at the rear.
  • Situated within a designated Opportunity Zone.

OVERVIEW

Located in downtown Atlantic, Iowa, 405 Chestnut Street presents an opportunity to acquire a commercial asset with in-place income and a long-term tenancy. The property is situated within Atlantic's historic downtown business district, an established commercial corridor that serves local businesses, professional services, retailers, and community institutions. Its central location provides convenient access to the surrounding trade area while benefiting from the visibility and pedestrian activity associated with a traditional downtown setting. The building was originally constructed in 1895 and has been maintained for continued commercial use. The property's downtown positioning is complemented by on-street parking in front of the building and additional private parking spaces at the rear, enhancing accessibility for occupants and visitors. Atlantic serves as the county seat of Cass County and is positioned along key regional transportation routes, including Interstate 80 and U.S. Highway 71, providing connectivity to western and central Iowa markets. The property is located within a designated Opportunity Zone, which may provide potential tax advantages for qualifying investors under applicable federal Opportunity Zone programs. With a historic downtown location, and accessibility to regional transportation infrastructure, 405 Chestnut Street offers a commercial investment opportunity supported by existing occupancy and a recognizable business district environment.

FOR SALE DETAILS

PRICE

$114,900 USD

PRICE/SF

$55 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,582 SF

ZONING

-

APN/PARCEL ID

303004960001000

ASK ABOUT THIS PROPERTY

Melissa IhnenMeyer & Gross Real Estate CompanyMore Info
712-243-4100

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Melissa IhnenMeyer & Gross Real Estate CompanyMore Info
712-243-4100

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