900 1St AvePerry, IA 50220

Property Details for 900 1St Ave

Year built

1996

Construction

FRAME

Lot size

0.16 AC

Property size (Sq ft)

1,736 SF

Property type

Office properties

Property subtype

Office buildings

APN

210356003

APU

210356003

Description

This exceptional 1,736 square foot office/retail space presents a fantastic investment opportunity in the thriving heart of Perry, Iowa. Located at 900 1st Avenue, this property boasts a highly desirable downtown location, offering excellent visibility and accessibility for businesses seeking a prominent presence. The building sits on a conveniently sized 0.16-acre lot, providing ample space for parking or potential future expansion. The interior layout is versatile and adaptable, making it suitable for a wide range of commercial uses, from professional offices to retail establishments. The asking price of $275,000 represents a compelling value for a property of this caliber in a dynamic market. All information provided has been obtained from the seller and public records. This is a turnkey opportunity for an owner-occupier or investor looking to capitalize on the growth potential of Perry's commercial sector. The property's central location ensures easy access to local amenities, a strong workforce, and a vibrant community. Serious inquiries are encouraged to explore this promising investment further. Don't miss the chance to secure this prime commercial real estate in a rapidly developing area. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. This is a rare opportunity to acquire a well-situated and versatile commercial space in a desirable Iowa town.

• CAP approach

  CAP return

  Valuation

  6%

  $250,782

  6.5%

  $231,491

  7%

  $214,956

• Comparable approach

  Method

  Valuation

  Relative Method

  $88,605

  Geo Method

  $88,605

• Alternative Use

  Use

  Valuation

  Residential

  $287,048

  Hospitality

  $262,935

  Educational

  $218,759

  Medical

  $226,282

  Retail

  $340,291

Location Insight

City

Perry

County

Dallas

State

Iowa

Latitude

41.8365

Longitude

-94.1061

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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