819 1Sr St Independence, IA 50644
This well-maintained 1,104 square foot office building presents a fantastic opportunity for business owners seeking a versatile and conveniently located workspace in Independence, IA. Situated on a 0.53-acre lot, the property boasts ample paved parking, ensuring convenient access for clients and employees. The building's interior features three large offices, perfect for individual workspaces or private meetings, a dedicated break room for staff, and two restrooms. A spacious reception area offers additional room for administrative desks or waiting space. Exterior features include updated vinyl siding and a newer roof, contributing to both the building's aesthetic appeal and its long-term durability. The building's excellent condition is further highlighted by the seller's willingness to leave behind some existing furniture, providing a seamless transition for the new owner. Its proximity to downtown Independence and the local hospital makes this property highly desirable, offering easy access to essential amenities and a strong local workforce. This is an exceptional opportunity to acquire a turnkey office space in a thriving community. The asking price is $179,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.