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405 Park Pl Audubon, IA 50025

For Sale
$64,000

Prime Location, Two Rented Offices

Description

Added:
Feb 3, 2025
Days on Market:
308
This exceptional brick building, situated on a 0.08-acre lot at 405 S Park Place in Audubon, Iowa, presents a compelling investment opportunity. Ideally located directly across from the city square, this property offers unparalleled visibility and accessibility. The building currently houses two separate office spaces, each providing a distinct and functional area for individual businesses. Each office is currently leased, generating immediate rental income for the new owner. The main floor also includes two half-bathrooms and shared storage space, catering to the needs of multiple tenants. The building's prime location makes it suitable for a variety of uses, including office space, retail ventures, or other commercial applications. The existing leases provide a stable income stream, while the strategic location offers significant potential for future growth and increased rental income through lease renegotiation or occupancy by the new owner. This property represents a rare chance to acquire a well-positioned commercial building in a thriving downtown area. The solid brick construction ensures durability and longevity, making it a sound investment for the discerning buyer. The existing tenants and their leases provide a strong foundation for immediate return on investment, while the prime location offers significant upside potential for future growth and profitability. This is a turnkey opportunity for an investor seeking a stable, income-producing asset in a desirable location.

Property Features for 405 Park Pl

General Information

Property type
Other commercial real estate
Lot Size
3,485 SF

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Audubon
County
Audubon
State
Iowa
Longitude
-94.9307
Latitude
41.72078

FAQs

What type of property is this?
Commercial real estate - Prime Location, Two Rented Offices
Where is this commercial real estate located?
The property is located at 405 Park Pl Audubon, IA.
What is the asking price?
The asking price for this property is $64,000.
More about this property
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