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    1901 15Th Ave Eldora, IA 50627

    For Sale
    $850,000

    58,500 SF Warehouse/Manufacturing

    Property size:
    58,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional Eldora, Iowa industrial property presents a compelling investment opportunity. Located at 1901 15th Ave, this 58,500 square foot facility, built in 1969, sits on a 2.25-acre lot and is priced at $850,000 ($14.53/sq ft). The property's versatile design caters to various industrial needs, encompassing distribution, manufacturing, and warehousing uses. The building features two loading docks and four dock-high doors, ensuring efficient loading and unloading operations. A significant advantage is the existing tenant occupying 12,000 square feet, providing immediate cash flow. The property is equipped with a sprinkler system and high-power infrastructure, enhancing safety and operational efficiency. The spacious layout offers potential for subdivision, allowing for smaller tenant occupancy. This prime Hardin County location, with its convenient access to transportation networks, makes this a highly attractive investment for both established businesses and new ventures seeking a functional and well-equipped industrial space. The property's existing infrastructure and adaptable design provide a solid foundation for immediate occupancy and long-term growth. This is a rare opportunity to acquire a well-maintained, income-producing industrial property in a desirable location.

    Property Features for 1901 15Th Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    58,500 SF
    Lot Size
    98,010 SF

    Building Details

    Year Built
    1969
    Buildings
    1

    HighLights

    • Strong existing tenant in place.
    • Subdivision possible to accommodate smaller tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Whink Products Co Dry Cleaner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Eldora
    County
    Hardin
    State
    Iowa
    Longitude
    -93.106901948437
    Latitude
    42.358761056756

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    FAQs

    What type of property is this?
    Distribution property - 58,500 SF Warehouse/Manufacturing
    Where is this distribution property located?
    The property is located at 1901 15Th Ave Eldora, IA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Strong existing tenant in place.; Subdivision possible to accommodate smaller tenants.;
    Request Owner's contact information
    1901 15Th Ave Eldora, IA 50627
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    Eldora, IA 50627
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1901 15Th Ave Eldora, IA 50627
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