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413 B Ave

Kalona, IA 52247
  • $264,900
  • STATUS: Active
  • ON SITE: 136 Days
  • MLS #: 202306203
$264,900
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,992
    SQFT
  • $53
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1910
County:
Area:

School Ratings & Info

Description

This charming two-story building of 4,992 square feet is in the heart of downtown Kalona. It features soaring decorative ceilings, an upper level, once used as a dance hall, with gorgeous wood floors and tons of architectural details throughout. Both floors are being utilized as an antique/consignment store with several unique and eclectic collections for sale by numerous vendors. A buyer can take the building in two ways. First, it can be delivered vacant, provided vendors are given 60 days' notice. A second option, at no additional cost, is to continue operating the business and keep the 30 existing vendors that pay a total of $3,200 per month in booth rental. The owner currently manages the business. The business brings in $38,000 per year from fixed rent from vendors, taxes are $3,836 per year and expenses are estimated to be $9,048 (including insurance and utilities). The NOI would be $25,516 with this scenario. In the past a portion of the upper floor was configured as a studio apartment with its own exterior entrance. This could be done again allowing the new owner to have a perfect work/live situation. Showings during business hours only. Monday - Saturday 10:30 to 4:30. Closed Sunday.

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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: 2024-04-18T21:29:59.867
www.gwenjohnson.com/homes/145779062
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413 B Ave Kalona, IA 52247

  • Price: $264,900
  • Status: Active
  • On Site: 136 Days
  • MLS #: 202306203
0
Beds
0
Baths
0
½ Baths
0.06
Acres
4,992
SQFT
$53
$/SQFT
1910
Built
Neighborhood:
Sw Quadrant
County:
Washington
Area:
Sw Quadrant
Property Description
This charming two-story building of 4,992 square feet is in the heart of downtown Kalona. It features soaring decorative ceilings, an upper level, once used as a dance hall, with gorgeous wood floors and tons of architectural details throughout. Both floors are being utilized as an antique/consignment store with several unique and eclectic collections for sale by numerous vendors. A buyer can take the building in two ways. First, it can be delivered vacant, provided vendors are given 60 days' notice. A second option, at no additional cost, is to continue operating the business and keep the 30 existing vendors that pay a total of $3,200 per month in booth rental. The owner currently manages the business. The business brings in $38,000 per year from fixed rent from vendors, taxes are $3,836 per year and expenses are estimated to be $9,048 (including insurance and utilities). The NOI would be $25,516 with this scenario. In the past a portion of the upper floor was configured as a studio apartment with its own exterior entrance. This could be done again allowing the new owner to have a perfect work/live situation. Showings during business hours only. Monday - Saturday 10:30 to 4:30. Closed Sunday.
Exterior Features

Construction Materials BrickFrameOther Lot Size Acre Range LessThanHalfAcre Lot Size Dimensions 24 x 120 Road Frontage Type CountyRoadPaved Roof Metal

Interior Features

Cooling CentralAir Flooring Wood Heating NaturalGas Interior Features ZeroStepEntry

Property Features

Auction Online Bid YN No Business Type OfficeBuildingRetail Buyer Financing CashConventional Commercial Building Features DisplayWindow Common Area Maintenance 0 Compensation Remarks 3.0 Expiration Date 2024-05-15 Green Verification YN No Listing Terms CashConventional Possession Negotiable Property Sub Type Commercial Special Features None Tax Annual Amount 3836 Tax Year 2022 Utilities CableAvailableElectricityAvailableNaturalGasAvailablePhoneAvailableCityWater Zoning C-3

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, REALTORS: 319-351-8811.



© 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: 2024-04-18T21:29:59.867
 
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