101 Mclane St Osceola, IA 50213-1472
- Office Properties & Spaces
- 4,879 SF
- 0.30 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 101 Mclane St
- Year built
- 2006
- Lot size
- 0.30 lot acres
- Property size
- 4,879 SF
- Property type
- Office Properties & Spaces
- APN
- 12366
- APU
- 12366
Description
This exceptional investment opportunity presents a fully leased, 1-story, 5,100 square foot office building located at 101 E McLane St, Osceola, IA 50213. The property, built in 2007, sits on a 0.3-acre lot and is classified as a Class B building. Currently boasting 100% occupancy with five tenants, including the US Government, Unity Point, Children and Families of Iowa, H&R Block, and ASI Audiology, this multi-tenant property offers significant value. All tenant spaces have recently undergone updates and rehabilitation, and the building features new high-speed internet (added in 2018), new HVAC/mechanical systems, updated plumbing, and recently completed structural repairs. The asking price is $629,000, translating to $123.33 per square foot. This presents a strong value-add opportunity through the potential for longer-term leases and rent increases, given that current rents are below market value. The property's prime location in Osceola, Clarke County, Iowa, ensures strong tenant demand and long-term stability. This is an ideal investment for those seeking a stable, high-occupancy commercial 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
- Osceola
- County
- Clarke
- State
- Iowa
- Longitude
- -93.7652
- Latitude
- 41.0308
