401 Avenue D $200,000

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    401 Avenue D West Point, IA 52656

    • 0.14 Acres
    • Commercial
    • MLS# 6322806
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    Views: 7 Days On Site: 46

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    Property Details

    Prime Investment Opportunity & Versatile 4,945 Sq. Ft. Dual-Space Building with Income Potential Discover an exceptional investment property in this expansive 4,945 sq. ft. building featuring a modernized facade and brand-new front windows, enhancing curb appeal and energy efficiency. This unique property is divided into two separate, fully-leased units, each tenant handling their own utilities, ensuring simplified ownership and minimal maintenance responsibilities. The current tenants enjoy private entrances and spacious layouts suitable for various business needs, making this building adaptable to long-term commercial tenants or other income-producing uses. A highlight of this property is the unfinished upper level, a blank canvas offering limitless possibilities. Envision transforming this substantial space into loft-style apartments, adding valuable rental income, or converting it into a stylish event venue to tap into the thriving events market. With high ceilings, plenty of natural light, and flexible zoning options, the upstairs can be tailored to suit the buyer's vision, maximizing the building's full potential. Whether you're an investor seeking a stable rental property with room for growth or an entrepreneur with a creative touch, this versatile building offers immediate income with opportunities for substantial returns. Don't miss the chance to own this exceptional property, a perfect blend of contemporary appeal and untapped potential in a prime location.

    • General Features
      • Tax Year 2023
      • Net Taxes $2,092
      • Current Use Event Space, Office
      • Potential Use Income, Lounge/Bar, Office, Professional, Retail
    • Building Features
      • Accessible No Stairs External
      • Heating Forced Air
      • Style Office
    • Property Features
      • Exterior Brick/Stone, Vinyl, Wood
      • Available Utilities Electric Separate,Heating Separate,Hot Water Separate
      • Fuel Electric, Natural Gas
      • Parking Characteristics On-Street Parking Only
      • Sewer City Sewer/Connected
      • Water Rural/Municipality
      • Total Number of Units 2

    Contact

    Matthew Karjalahti

    Matthew Karjalahti

    Broker, Owner

    Iowa

    RE/MAX PARTNERS REALTY

    Mobile Phone: 641-260-0672

    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: $200,000
    12/12/2024 11:08:35 AM Price Reduced Source: Multiple Listing Service New Value: $200,000 -13.04%
    11/5/2024 3:09:00 PM New in Database Source: Multiple Listing Service New Value: $230,000

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    Listing information is provided in part by the Internet Data Exchange (IDX) program of the Iowa Association MLS. The information on this website 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. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2024 Iowa Association MLS. All rights reserved.

    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.