215 State St Algona, IA 50511
- Office buildings
- 2,582 SF
- 0.07 lot acres
Current Use by Public Records
- Office buildings
Property Details for 215 State St
- Year built
- 1938
- Lot size
- 0.07 lot acres
- Property size
- 2,582 SF
- Property type
- Office buildings
- APN
- 22-02-456-014
- APU
- 2202456014
Description
This attractive brick and wood-fronted commercial building in downtown Algona, Iowa, presents a fantastic investment opportunity. The property boasts approximately 2582 square feet of space, ideally suited for office or professional use. The main level features a welcoming reception/waiting area, four private offices (each measuring 11 x 13 feet), a meeting room (19 x 12 feet), a break room (14 x 9 feet), a half-bath, and ample storage. Additional storage is available in the basement. Recent updates include fresh paint in the reception area, hallway, and meeting room. The building sits on a 0.07-acre lot and offers convenient access to a public parking lot and alley via a rear entry/exit. The sale is contingent upon the existing tenant's lease agreement. This property is located at 215 E State Street, Algona, IA, and is priced at $100,000. The dimensions provided are approximate. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $90,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $75,000
- 6.5%
- $70,000
- 7%
- $70,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $85,000
- Geo Method
- $70,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $80,000
- Retail
- $85,000
- Mixed-Use
- $60,000
- Hospitality
- $80,000
- Educational
- $65,000
- Residential Income
- $80,000
- Energy
- $65,000
- Income-Based Land
- $85,000
- Food Service
- $80,000
Location Insight
- Map
- Local Demand
- City
- Algona
- County
- Kossuth
- State
- Iowa
- Longitude
- -94.2347
- Latitude
- 43.0692
