1914 E 18 Highway
Algona,
IA
50511
Property Details
List Price: |
$895,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Farm & Home Services |
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Description/Comments
Lot Size: |
1 acre(s) |
Property Type: |
Commercial |
Year Built: |
-- |
Notes: |
This property provides the opportunity to acquire a 17,910 SF retail center in Algona, Iowa, located on heavily traveled Hwy 18 E at a cap rate of 6% on In-Place income. The property is 82% leased with a diverse mix of occupants. Current vacancies and below market rents provide an investor upside over time to increase yield. The retail center is strategically located near a grocery store, upscale restaurant, hotel and auto parts store. Eastland Hill Plaza provides fortuity to purchase a multi-tenant retail center at far below replacement cost with concurrent benefit that accompanies lease up of vacant suites and moving low legacy rents to market. |
MlsNumber: |
6300723 |
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Listing Provided By: |
Farm & Home Services, original listing |
Name: |
Farm & Home Services |
Phone: |
(515) 295-2401 |
Office Name: |
Farm & Home Services |
Office Phone: |
(515) 295-2401 |
Agent Name: |
Joseph Muller |
Disclaimer: |
Copyright © 2024 Southeast Iowa Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |