413 B Ave
Kalona,
IA
52247
Property Details
List Price: |
$264,900 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Lepic-Kroeger, REALTORS |
Warning: Invalid argument supplied for foreach() in
/var/www/allhud/templates/importanthomescyphersvideo/html/com_propertylist/details/default.php on line
469
Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1910 |
Notes: |
This charming two-story building of 4,992 square feet is in the heart of downtown Kalona. It features soaring decorative ceilings, an upper level, once used as a dance hall, with gorgeous wood floors and tons of architectural details throughout. Both floors are being utilized as an antique/consignment store with several unique and eclectic collections for sale by numerous vendors. A buyer can take the building in two ways. First, it can be delivered vacant, provided vendors are given 60 days' notice. A second option, at no additional cost, is to continue operating the business and keep the 30 existing vendors that pay a total of $3,200 per month in booth rental. The owner currently manages the business. The business brings in $38,000 per year from fixed rent from vendors, taxes are $3,836 per year and expenses are estimated to be $9,048 (including insurance and utilities). The NOI would be $25,516 with this scenario. In the past a portion of the upper floor was configured as a studio apartment with its own exterior entrance. This could be done again allowing the new owner to have a perfect work/live situation. |
MlsNumber: |
202306203 |
Estimate Your Monthly Payment
Listing Provided By: |
Lepic-Kroeger, REALTORS, original listing |
Name: |
Lepic-Kroeger, REALTORS |
Phone: |
(319) 351-8811 |
Office Name: |
Lepic-Kroeger, REALTORS |
Office Phone: |
(319) 351-8811 |
Agent Name: |
Jeff Edberg |
Disclaimer: |
Copyright © 2024 Iowa City Area Association of REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |