410 Campus Dr Calmar, IA 52132
- Mixed-use properties
- 9,160 SF
- 1.46 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 410 Campus Dr
- Year built
- 2017
- Lot size
- 1.46 lot acres
- Property size
- 9,160 SF
- Property type
- Mixed-use properties
Description
Exceptional opportunity to acquire a thriving, turnkey fitness center and apartment complex in Calmar, Iowa. This 9,160 square foot, two-story building, constructed in 2017, sits on a 1.46-acre lot and boasts a prime location as the only gym in town. The facility operates 24/7, leveraging a user-friendly member portal app for keyless entry and membership management, enhancing self-sufficiency. The building incorporates energy-efficient features, including solar power and motion-sensor lighting in common areas. Upstairs, four fully occupied apartments generate consistent rental income: three two-bedroom units renting for $850 per month plus $25 per resident for electricity, and one three-bedroom unit renting for $1200 per month plus $25 per resident for electricity. All apartments are currently leased to North Iowa Area Community College (NICC) students on one-year leases. All equipment and appliances are included in the sale price of $820,000. The expansive lot presents significant development potential for future expansion, perhaps additional apartments or other complementary businesses. This property offers a unique blend of income-generating streams, making it an attractive investment opportunity.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Calmar
- County
- Winneshiek
- State
- Iowa
- Longitude
- -91.8718
- Latitude
- 43.1774
