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SALE: $385,000 Office
  • MLS# 7038339
  • |Cedar County
  • |2800 Sq. Ft.

Listing Courtesy Of Cornerstone Real Estate Consultants

More about 513-515 Cedar, Tipton, IA 52772

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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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.

Listing Information
  • Year Built: 1904
Interior Features
  • Cooling: Central
  • Location: Downtown
  • Roof: Tar/Gravel,Membrane
  • Sewer: City Sewer
Exterior Features
  • Available Square Feet: 2800
  • Total Building Square Feet: 9940
  • Parcel ID: 04801106107010
  • Zoning: Commercial
  • Annual Tax: 2798.00
  • Description: 2 Story,Basement
  • Tax Incentives: In City Limit
  • Heating: Radiant/Base,Individual Units
  • Directions: I-80 West to Exit 267 and North on Hwy 38 into Tipton to property.
  • Three Phase: No
  • Total Units: 0
  • Total Buildings: 0
  • Lease Includes: Land,Building,Sale/Lease Incldues Other
  • Owner Pays: Real Estate Taxes,Insurance,Common Area,Common Area Maint,Structural Maintenance,Owner Pays Other
  • Tenant Pays: Insurance,Trash,Gas,Electric,Heating,Cooling,Water/Sewer,Tenant Pays Other
Lot Features
  • Lot size : 0.22
  • Acres: 0.22

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