97 Commercial Dr, Iowa City, IA 52246 (MLS # 202005852)

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PRICE $465,000 dsIDX morgage calculator
SIZE 6,000 sqft
LOT SIZE 19,167 sqft

Leased investment with long term, quality tenant in place. Current term ends on 12-31-2023 with three 2-year options to renew with CPI adjustments. Building is 6,000 feet with approx. 1,200 feet of office and the balance in warehouse/storage/production. Three doc doors and one OH door. Full HVAC in office space, radiant heat in warehouse area. Above ground gas storage and pump for tenant fleet. 7.1% cap rate investment return.

DAYS ON MARKET 30 LAST UPDATED 10/1/2020
YEAR BUILT 1988 COMMUNITY Iowa City
COUNTY Johnson STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central A/C
AIR CONDITIONING Yes
AREA Iowa City
HEAT Steam/Hotwtr
LOT 0.44 acre(s)
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TOTAL MONTHLY PAYMENT

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Listing provided by Jeff Edberg, Lepic-Kroeger, REALTORS

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