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217 8th Ave

Wellman, IA 52356
  • $279,900
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 202403499
UPDATED: 235 min ago
$279,900
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

FOR SALE OR LEASE. This leased investment is a commercial condo that could be leased to one or two tenants or used by an owner occupant. The latest rent on the front facing 700 foot suite (Ste 1) is $850 per month (gross) including taxes and building insurance, and the latest rent on the parking lot facing 1,075 foot suite (Ste 2) is $1,300 per month (gross) including taxes and building insurance. Suite 1 CAM is an additional $38/month and Suite 2 CAM is an additional $72.40/month (or combined CAM $110.53/month). Both spaces in this commercial condo are in very good condition and show well. Suite 1 features two large office areas, a kitchenette, and a private bathroom. Suite 2 has just been freshly painted and currently features three individual rooms/offices with sinks/cabinets and a fourth room/office that is plumbed for water. Suite 2 has a nice reception area, kitchenette space, private bathroom and access to the shared common area bathrooms. There is street parking in the front of the building for the financial services tenant (Ste 1) and a parking lot in the rear of the building for additional tenant (Ste 2). Annual taxes are $6,226, Annual insurance is $1,689 and the Annual CAM is $1,326. This commercial condo is part of an association, so the CAM paid by the owner goes to the association and the association provides all external maintenance. Each tenant is responsible for their own rental insurance. High speed fiber optic internet available! Annual taxes are $6,226, Annual insurance is $1,689 and the Annual CAM is $1,326. This commercial condo is part of an association, so the CAM paid by the owner goes to the association and the association provides all external maintenance. Each tenant is responsible for their own rental insurance. High speed fiber optic internet available! Seller will consider selling on contract. Suite 1 tenant will consider continuing to rent if new owner does not need the entire space. Virtual staging is shown in photos of Suite 2. Suite 2 currently has sinks in 3 rooms/offices. Additional photos available upon request. Floor plan in associated docs. Video: https://player.vimeo.com/video/957339176?byline=0&title=0&owner=0&name=0&logos=0&profile=0&profilepicture=0&vimeologo=0&portrait=0

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© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2024-07-18T00:26:02.183
www.gwenjohnson.com/homes/151675146
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217 8th Ave Wellman, IA 52356

  • Price: $279,900
  • Status: Active
  • On Site: 33 Days
  • Updated: 235 min ago
  • MLS #: 202403499
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1900
Built
Neighborhood:
Sw Quadrant
County:
Washington
Area:
Sw Quadrant
Elementary School:
Mid Prairie
Middle School:
Mid Prairie
High School:
Mid Prairie
Property Description
FOR SALE OR LEASE. This leased investment is a commercial condo that could be leased to one or two tenants or used by an owner occupant. The latest rent on the front facing 700 foot suite (Ste 1) is $850 per month (gross) including taxes and building insurance, and the latest rent on the parking lot facing 1,075 foot suite (Ste 2) is $1,300 per month (gross) including taxes and building insurance. Suite 1 CAM is an additional $38/month and Suite 2 CAM is an additional $72.40/month (or combined CAM $110.53/month). Both spaces in this commercial condo are in very good condition and show well. Suite 1 features two large office areas, a kitchenette, and a private bathroom. Suite 2 has just been freshly painted and currently features three individual rooms/offices with sinks/cabinets and a fourth room/office that is plumbed for water. Suite 2 has a nice reception area, kitchenette space, private bathroom and access to the shared common area bathrooms. There is street parking in the front of the building for the financial services tenant (Ste 1) and a parking lot in the rear of the building for additional tenant (Ste 2). Annual taxes are $6,226, Annual insurance is $1,689 and the Annual CAM is $1,326. This commercial condo is part of an association, so the CAM paid by the owner goes to the association and the association provides all external maintenance. Each tenant is responsible for their own rental insurance. High speed fiber optic internet available! Annual taxes are $6,226, Annual insurance is $1,689 and the Annual CAM is $1,326. This commercial condo is part of an association, so the CAM paid by the owner goes to the association and the association provides all external maintenance. Each tenant is responsible for their own rental insurance. High speed fiber optic internet available! Seller will consider selling on contract. Suite 1 tenant will consider continuing to rent if new owner does not need the entire space. Virtual staging is shown in photos of Suite 2. Suite 2 currently has sinks in 3 rooms/offices. Additional photos available upon request. Floor plan in associated docs. Video: https://player.vimeo.com/video/957339176?byline=0&title=0&owner=0&name=0&logos=0&profile=0&profilepicture=0&vimeologo=0&portrait=0
Exterior Features

Construction Materials BrickFrame Lot Size Acre Range LessThanHalfAcre Lot Size Dimensions 66x120 Road Frontage Type CountyRoadPaved Roof Other

Interior Features

Bathrooms Total Integer 0 Cooling CentralAirZoned Flooring ConcreteSlabGradeCarpetCeramicTile Heating NaturalGasForcedAirZoned Interior Features ZeroStepEntry

Property Features

Auction Online Bid YN No Business Type MedicalOrDentalOfficeBuildingRetailOther Commercial Building Features DeliveryDoorDisplayWindowOther Common Area Maintenance 1326 Compensation Remarks 3% Expiration Date 2024-10-12 Green Verification YN No Listing Terms CashConventionalOwnerFinancing Possession Negotiable Property Sub Type Commercial Special Features Other Tax Annual Amount 6225 Tax Year 2022 Utilities CableAvailableElectricityAvailableNaturalGasAvailableSewerAvailablePhoneAvailableCityWater Zoning Commercial

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Jessica Hochstedler Yoder of KALONA REALTY, INC.: 319-656-5299.



© 2024 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2024-07-18T00:26:02.183
 
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