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Industrial
  • MLS# 7039335
  • |Cedar County
  • |19100 Sq. Ft.

Listing Courtesy Of Cornerstone Real Estate Consultants

More about 42 Spruce, Tipton, IA 52772

Amazing 19,100 sq. ft. indoor regional sports complex with two full court basketball courts, greeting, meeting & kitchen facilities, & mezzanine viewing area, full HVAC in service areas, heating in court areas. Large, event sized parking lot. Side walls in court areas are 24 feet. All sports equipment, kitchen and furnishings cost $270,000, may be purchased for $150,000 in addition to building cost. See inventory list in documents. See addendum for lease detail. The lease is NNN at $5.00 psf. Owner is currently a non-profit corporation, so property taxes for 2017 are $0. Similar buildings are taxed at approx. $1.25 psf, CAM is estimated to be $1.00 psf and insurance is estimated to be $0.25 psf. Total gross rent for a new, for profit owner is estimated to be $7.50 psf or $11,937.50 per month including all real estate taxes, common area maintenance and building insurance.

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Amazing 19,100 sq. ft. indoor regional sports complex with two full court basketball courts, greeting, meeting & kitchen facilities, & mezzanine viewing area, full HVAC in service areas, heating in court areas. Large, event sized parking lot. Side walls in court areas are 24 feet. All sports equipment, kitchen and furnishings cost $270,000, may be purchased for $150,000 in addition to building cost. See inventory list in documents. See addendum for lease detail. The lease is NNN at $5.00 psf. Owner is currently a non-profit corporation, so property taxes for 2017 are $0. Similar buildings are taxed at approx. $1.25 psf, CAM is estimated to be $1.00 psf and insurance is estimated to be $0.25 psf. Total gross rent for a new, for profit owner is estimated to be $7.50 psf or $11,937.50 per month including all real estate taxes, common area maintenance and building insurance.

Listing Information
  • Year Built: 2013
Interior Features
  • Roof: Metal
  • Sewer: City Sewer
Exterior Features
  • Available Square Feet: 19100
  • Total Building Square Feet: 19100
  • Zoning: Commercial
  • Total Units: 0
  • Total Buildings: 0
Lot Features
  • Lot size : 1.80
  • Acres: 1.80

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