MLS ID #: NBR20240901

1111 S Paine St, Decorah, IA 52101

MLS ID #:
NBR20240901

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:
March 11th, 2024

Status:
Pending

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.

Property Location Map


View Larger Map

Search Listings