513-515 CEDAR Street, Tipton, IA 52772 | QC7039949 | Mel Foster Brokerage, LLC

513-515 CEDAR Street $323,500

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    513-515 CEDAR Street Tipton, IA 52772

    • 0.22 Acres
    • Commercial
    • MLS# QC7039949
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    Views: 105 Days On Site: 342

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    Property Details

    MAJOR PRICE REDUCTION. Excellent Investment Property in Down town Tipton. Building only for sale. 2 successful business tenants already in place. Upstairs apartments are rented. One office space is rented. Building just remodeled with Retail & office space for lease in varying sizes. Room for another upstairs apartment & a rear storage space is also available for rent. All apartment appliances are owned by the property. New HVAC thoughtout the building. Some units have separate utilities & some are included. Common area restroom. 2000 sq. ft. retail space is $4.00 p/sq ft and could be split for two or another large office. Other Office space is available for lease at $2.25 p/sq. ft. Commission paid on minimum of 1 year lease up to 5 year lease. There are two 500 sq ft and one 1,000 sq ft apartments upstairs. Roof was just redone recently also. Gym business is in 515 Cedar Street and all the rest is in 513 Cedar Street. Upstairs is taxed as residential for Multi Family.

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    Neighborhood

    52772 (Tipton) Demographics

    42 Median Age
    37 Population Density (per sq. mile)
    29% College Educated
    $60,233 Estimated Median Income
    1,590 Estimated Total Home Owners
    519 Estimated Total Renters
    75% / 25% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    4,791 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $187,070 Median Sales Price
    2 Homes Sold
    13 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $323,500
        6/4/2020 9:27:00 PM New in Database Source New Value: $323,500

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        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.