419 E Erie St - Retail FOR SALE


Missouri Valley, IA 51555
$425,000 USD
402-932-5989
419 E Erie St, Missouri Valley, IA for Sale
$425,000 USD
Retail - FOR SALE
1/45
null | Request Cap Rate

419 E Erie St
Missouri Valley, IA 51555


HIGHLIGHTS

  • 7500 sf property features retail on the main level and 4 upper level apartments
  • Ability to finish out a large 3 bed/2 bath apartment above 421 E Erie
  • Ability to finish out office space behind 423 E Erie with separate side access for extra income

OVERVIEW

Historic Missouri Valley Building for Sale. Originally built as a bank in 1902, this well maintained 7500 sf property features retail on the main level and 4 upper level apartments. Value add opportunities include: ability to finish out a large 3 bed/2 bath apartment above 421 E Erie and office space behind 423 E Erie with separate side access for extra income. New roof in August of 2023. Building currently generates $5100 monthly/$61,200 annually. Excellent Opportunity! 419 E Erie Street: Commercial Bay - Busy Bees Playground Gas & electric separately metered 419 E Erie Street: Apartment 4 bed, 1 bath with large utility room Washer & dryer inside Dedicated gas HVAC unit Verizon tower on roof 421 E Erie Street: Commercial Bay - Herbal Remedies Wellness Center Water heater above the bathroom HVAC unit in the backspace 421 E Erie Street: Unfinished Apartment Space Apartment unfinished over 421 E Erie St, potential to be 3 bed 2 bath. Framed out HVAC in box as well as water heater No meter 423 E Erie Street: Bay Tenant on main floor has a gas meter and three Mid American meters currently Forced air AC 423 E Erie Street: Apartments Shared washer & dryer between 2 upper apartments of 423 E Erie Window AC & electric baseboard heat in apartments Apartment #1: 2 bed, 1 bath Apartment #2: 1 bed, 1 bath Apartment #3: 1 bed, 1 bath with washer dryer stackable in the bathroom; side entrance, unit address 105 1/2, Apartments all electric and separately metered Unit 107 Potential to be built out as future office space

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

419-423 E Erie Street

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Day Care Center, Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,009 SF

ZONING

C & R

APN/PARCEL ID

600002352600000

ASK ABOUT THIS PROPERTY

Lisa ZimmermanBHGRE CommercialMore Info
402-932-5989

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Lisa ZimmermanBHGRE CommercialMore Info
402-932-5989

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.