107 1st St, Panora, IA 50216-2028

Property Details for 107 1st St

Year built

1885

Lot size

0.04 lot acres

Property type

Retail space

APN

1304500

APU

1304500

Description

This exceptional investment property in Panora, Iowa, presents a rare opportunity to acquire a mixed-use building boasting significant income potential. Located at 107 & 109 N 1st Street, the property comprises two street-level commercial storefronts, ideal for a variety of businesses, and five income-producing apartment units. The building offers a compelling blend of commercial and residential income streams, creating a diversified investment portfolio. One of the residential units has undergone a recent, high-quality renovation, showcasing modern updates and presenting a desirable living space for tenants. Significant improvements have been made to the building's infrastructure, including a new roof and furnace installed at 107 N 1st Street, along with a recently replaced air conditioning unit. These upgrades not only enhance the property's value but also contribute to reduced maintenance costs and increased tenant satisfaction. The property's location on N 1st Street in Panora offers excellent visibility and accessibility, ensuring strong tenant occupancy and potential for future growth. This turnkey investment is ready for immediate income generation and presents a strong return on investment for the discerning buyer. The property is offered at $375,000. Detailed financial statements are available upon request. Don't miss this chance to secure a profitable and well-maintained commercial and residential property in a thriving Iowa community.

Location Insight

City

Panora

County

Guthrie

State

Iowa

Longitude

-94.364

Latitude

41.692

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments