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1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101

Property Details

Great Investment! Solid tenants with long tenures make this Office Building a property you should consider. Many improvements over last five years inside and out. Call for a complete prospectus.
Property Information for 1111 S Paine Street, Decorah, IA
MLS ID #:
20174225

Property Address:
1111 S Paine Street
Decorah, IA 52101

County:
Winneshiek

Region:
Outside Area

Area:
Winneshiek

Miles to Highway:
Iowa Hwy 9

Year Built:
1982

Property Type:
Commercial

Sub-Type:
Office

Building Description:
Free Standing

Insulation:
Roof, Side Walls, Sound

Date Listed:
July 31st, 2017

Status:
Active

Price:
$535,000.00

Ownership:
Lim Partnership

Possession:
Negotiable, Subject to Tenant Right

Gross Taxes:
$14,368.00

Tax Year:
2015

Gross Op Income:
$63,684.00 Historical

Net Op Income:
$34,219.00 Historical

Gross Op Expense:
$29,465.00 Historical

Multi-Tenant:
Yes

Tenant Pays:
None

Possible Financing:
Cash Convention

Terms/Lease:
Renewal Option, Other Terms/Lease

Lease Type:
Gross

Sale/Lease Type:
Investment Sale

Lease $/Month:
$5,307.00

Lease $/SqFt:
$8.00

For Sale:
Yes

Ivestment:
Yes

Avail at List Office:
Lease(s)

Zoning:
C-1

Potential Use:
Office

Legal Desc:
per abstract

Included:
Land, Building

Total Avail Sq Ft:
11,094 sq ft

Total Building Sq Ft:
11,094 sq ft

Office SqFt:
8,915 sq ft

Lot Sq Footage:
31,799

Acres:
0.7200

Frontage/Access:
City Street, Paved 2 Lane

Exterior:
Brick

Roof Construction:
Comp Shingle

Wall Construction:
Frame

Floor Construction:
Tile/Vinyl, Carpeted

Common Area:
Yes

Utilities Available:
Electric, Gas, Water, Sewer, Phone

Heating:
Forced Air, Gas, Individual Units

Cooling:
Central, Individual Control, Individual Units

Realtor/Equal Housing Lender Listing provided courtesy of Kelly Real Estate Inc.
Listing Agent: Michael Kelly
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