403 Story St Boone, IA 50036
- Retail space
- 2,010 SF
- 0.41 lot acres
Current Use by Public Records
- Medicap Pharmacy / Pharmacy / Diabetes Equipment Supplier
Property Details for 403 Story St
- Year built
- 1997
- Construction
- FRAME
- Lot size
- 0.41 lot acres
- Property size
- 2,010 SF
- Zone code
- INC
- Property type
- Retail space
- APN
- 88426281382012
- APU
- 88426281382012
Description
This exceptional 2,010 square foot commercial building, located at 403 Story Street in Boone, Iowa, presents a compelling investment opportunity. Situated on a 0.41-acre lot, the property boasts a recently completed appraisal valuing it at $625,000, exceeding the asking price of $600,000. The property is currently under lease, providing a steady stream of income, with the lease extending until February 1st, 2027. This presents a strong return on investment for a discerning buyer. The building's versatile space is ideal for a variety of commercial uses, making it an attractive prospect for both established businesses and new ventures. Its prime location in Boone, Iowa offers excellent visibility and accessibility, further enhancing its investment potential. The property's strong financial performance, coupled with its desirable location and current lease, makes it a rare find in the Boone commercial real estate market. Serious inquiries are encouraged to explore this lucrative opportunity. The property is ready for immediate ownership and offers a secure investment with a guaranteed income stream for the foreseeable future. Don't miss this chance to acquire a high-value commercial property in a thriving Iowa community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boone
- County
- Boone
- State
- Iowa
- Longitude
- -93.8804
- Latitude
- 42.0599
- CBSA code
- 11180
- CBSA name
- AMES, IA METROPOLITAN STATISTICAL AREA
