1040 18th St Centerville, IA 52544-1118
This 4,059 square foot commercial building, located at 1040 N. 18th St in Centerville, Iowa (zip code 52544), is available for $499,000. Built in 1999, this Class C property sits on a 1.51-acre lot (65,776 square feet) and offers excellent visibility and accessibility. Previously used as a medical facility, it's adaptable for various uses including retail, executive office space, or medical offices. The building is currently vacant, providing a blank canvas for a new tenant or owner. Key features include a new roof (installed in 2021), 400-amp 3-phase power, and backup generator readiness. The property benefits from high traffic volume, with 7,700 vehicles passing daily (2022 data). The price per square foot is $122.94. This presents a unique opportunity to acquire a well-located commercial property in a thriving community. The property's versatility and prime location make it an attractive investment for a wide range of businesses. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is located in Appanoose County, Iowa.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Risks
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