600 Main St Leon, IA 50144
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 600 Main St
- Year built
- 1920
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fully occupied, five-unit commercial building located at 600 S Main Street in Leon, Iowa. The property is legally configured as a five-family dwelling, indicating strong potential for consistent rental income. The structure itself is noted for its high-quality construction, suggesting durability and longevity. Given its current occupancy status, this property offers immediate cash flow for the new owner. Prospective buyers should be prepared to provide proof of funds, a pre-qualification letter, and execute a non-disclosure agreement prior to scheduling a showing. Due to the fully occupied nature of the building, a 72-hour notice is required for all showings, and the owner must be present. Direct communication with tenants regarding the potential sale is strictly prohibited. The property is offered at $199,999. This presents a rare opportunity to acquire a well-maintained, income-generating property in a stable market. Serious inquiries only. The lot size is not specified.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Leon
- County
- Decatur
- State
- Iowa
- Longitude
- -93.7474
- Latitude
- 40.7358
