437 7Th St Wapello, IA 52653
- Office buildings
- 3,200 SF
- 0.32 lot acres
Current Use by Public Records
- Office buildings
Property Details for 437 7Th St
- Year built
- 1978
- Lot size
- 0.32 lot acres
- Property size
- 3,200 SF
- Property type
- Office buildings
- APN
- 08-34-129-005
- APU
- 834129005
Description
This exceptional 3,200 square foot commercial building presents a compelling investment opportunity in Wapello, Iowa. Located on a 0.78-acre lot with high visibility from Highway 61, the property boasts a strong, active lease generating $4,572 per month, secured until December 2026. This provides a consistent and substantial income stream for the investor. The well-maintained building is currently configured as an office space, but its versatile design lends itself to a wide range of alternative uses. Potential uses include, but are not limited to, a church, daycare center, school, dance studio, retail space, community center, or even a restaurant/bar with appropriate modifications. The ample parking lot adds significant convenience for tenants and patrons. The property's prime location and adaptable layout offer considerable flexibility and potential for future growth, making it an attractive investment for discerning buyers seeking a stable income and diverse usage options. The building's current configuration and existing lease provide immediate return on investment, while the adaptable space allows for future expansion and diversification of income streams. This is a rare opportunity to acquire a well-located, income-generating property with significant upside potential.
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
- Wapello
- County
- Louisa
- State
- Iowa
- Longitude
- -91.1885
- Latitude
- 41.1734
- CBSA code
- 34700
- CBSA name
- MUSCATINE, IA MICROPOLITAN STATISTICAL AREA
