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Hwy 30 E To Hwy 38 S Into Tipton, On Rt Just Past W 6th St

513/515 Cedar St, Tipton, Iowa

$395,000
Acres: 0.22
MLS # 1800392
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Property Information
MLS# 1800392
County Cedar
Year Built 0
Property Description
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.
size & lot
Lot Size 70 X 142
Acres 0.22
Structure
Tax & Terms Information
Gross Taxes $2,798
Lease Information
Min. Number Months 12
Utilities
Heat CNTAIR,CNTRLHT,GASHEAT
Water CTYSWR,CTYWTR
Tenant-Owner Information
Owner: RETAX,INSURNC,CAM,JANITRL,SEEREM Tenant: SEEREM
Listing courtesy of Jeffrey Wallick, Cornerstone Real Estate Consultants
Data courtesy of Cedar Rapids Area Association of Realtors MLS

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