MLS ID #: NBR20230320
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1111 S Paine St, Decorah, IA 52101

MLS ID #:
NBR20230320
Property Address:
1111 S Paine St
Decorah, IA 52101
County:
Winneshiek
Region:
Outside the Metro Area
Miles to Highway:
Iowa Hwy 9
Year Built:
1982
Property Type:
Commercial Sale
Sub-Type:
Office/Industrial
Subdivision Name:
Roof,Side Walls,Sound
Land Use:
Office
Building Description:
Free Standing, Multi-Tenant, 2 Story
Date Listed:
January 27th, 2023
Status:
Active
Price:
$515,000.00
Ownership:
Lim Partnership
Possession:
Negotiable, Subject To Tenant Rights
Gross Taxes:
$17,429.00
Tax Year:
2022
Gross Income:
$80,800.00
Net Op Income:
$43,800.00
Operating Expense:
$37,000.00
Multi-Tenant:
Yes
Tenant Responsible:
None
Finance Type:
Cash Convention
Sale/Rent:
For Sale
For Lease:
No
Sale/Lease Type:
Normal Sale
For Sale:
Yes
Docs on File:
Leases
Zoning:
C-1
Legal Desc:
LOTS 2-4,5,6,1-7 BLK 6 DAY & PAINES;2-1-1 -5,1-2-3-5 & 2-2-5 SE NW
Off-Street Parking:
0.00
Sprinkler:
No
Total Building Sq Ft:
11,094 sq ft
Office SqFt:
8,915 sq ft
Lot Sq Footage:
31,799
Acres:
0.72
Frontage/Access:
City Street, Paved 2Lane
Construction:
Frame
Roof Type:
Composition Shingle
Floor Construction:
Tile/Vinyl, Carpet
Insulation:
Roof, Side Walls, Sound
Common Area:
Yes
Utilities Available:
Electricity Available, Gas, Water Available, Sewer Available, Phone Available
Sewer Type:
City Sewer
Heating:
Forced Air, Gas, Individual Unit
Cooling:
Central Air, Individual Control, Individual Units
Remarks: This is a great investment opportunity! Most tenants in this building have been long term tenants. This office building is a property you should consider. Many improvements have made inside and out Handicap accessibility on East entrance, including elevator to lower level with separate bathroom in lower level hall. Call for a complete prospectus.
Realtor/Equal Housing Lender Listing provided courtesy of Kelly Real Estate Inc.
Listing Agent: Michael Kelly
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. The data is deemed reliable but is not guaranteed accurate by the MLS.

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