210 N Main Street $350,000

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    210 N Main Street Clarion, IA 50525

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    $350,000

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    • 2,356 sq. ft.
    • 0.11 Acres
    • Commercial
    • MLS# 65899
    210 N Main Street, Clarion, IA 50525
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    Listing provided courtesy of: RE/MAX REAL ESTATE CENTER
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    Property Details

    This commercial property is home to Thrifty White Pharmacy a very strong, regional chain w/ 91 stores. Clarion is county seat for Wright county, pop. 12,644. Thrifty has Leased since 2018, current lease through March,2028 with a recent extension until March, 2031. Tenant pays property taxes and repairs up to $400. Tenants have put nearly $100,000 recent upgrades including new roof in 2018, repaired the back wall, electrical updated in 2021, new a/c unit in 2023, new back doors and garage door in 2024.Income: Commercial 3400 sq/ft + 450sq/ft cold storage = $2,475/ mo Apartments: 2 units each unit approx. 1,200 sq/ft = $1,225/mo.Gross Rents: $44,400/yr.Expense:Insurance $2,400/yrMgt fee $2,200/yrMaintenance $2,000/yrTotal $6,600/yrNet $37,800/yr Based on $350,000 price/$37,800 NOI shows around 11percent ROI

    • General Features
      • Business Type Retail
      • Type Commercial
      • Year Built 1900
      • Area Clarion
      • County Wright
    • Building Features
      • Age 51+ Years
      • Apx SqFt 2356.00
      • Cooling Central Air, Window Unit(s)
      • DriveIn Doors 1
      • DriveIn Doors Size 8X10
      • DriveIn Doors Type 1
      • Electric City
      • Equipment Features No Equip Included
      • Leased SqFt 2356.00
      • Number of Levels 3.0
      • Number of Units 3
      • Office SqFt 250.00
      • Heating Forced Air, Natural Gas
      • Building Size 2356
      • Ceiling Height 8 - 10 Ft
      • Construction Combination, Masonry/Concrete, Wood
      • Foundation Brick
      • Floor Carpet
      • Property Size 0 - 1 Acres
      • Parking Spaces 6 - 10 Spaces
      • Water Heater Gas
    • Property Features
      • Sewer Public
      • Number of Acres 0.11
      • Underground Tank Not On Premise
      • Street Construction Hard Surface

    Neighborhood

    Neighborhood Details available exclusively for My Property Finder members

    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $350,000 -17.65%
    10/18/2024 1:32:00 PM New in Database Source: Multiple Listing Service New Value: $425,000

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    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.