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Property profile & analytics
OFF-MARKET
Flex space

1112 Chatburn Ave Harlan, IA 51537-2007

2,880 SF 2.18 ac lot Built 2012
Entity Owned 6-yr Hold
Property ID
US25-1874117
Property summary
AI-generated overview

This exceptional Harlan, IA commercial property offers a unique investment opportunity. The main building, constructed in 1969 and totaling approximately 14,092 square feet, boasts ample parking to the south. Originally a grocery store, it was thoughtfully converted in 2002 to accommodate light industrial and office uses. The property features multiple natural gas-powered HVAC units ensuring climate control throughout the space. A significant addition enhances the property's versatility: a 2,880 square-foot metal shop built in 2012. This newer structure includes a convenient 9' wide x 10' high garage door and is equipped with an all-electric heat pump system. The property also benefits from a loading dock, added in 2020, streamlining logistics. The expansive 2.18-acre lot provides significant room for expansion or future development. The property's layout allows for the potential separation and sale of the main building and the metal shop, offering flexibility for the new owner. Note that possession is not available until May 2nd, 2025. Priced at $785,000, this property presents a compelling opportunity for a diverse range of commercial ventures.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2012
Construction FRAME
Total area 2,880 SF
Lot 2.18 ac (94,960 SF)
APN 833150000024
UPID US25-1874117
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Molded Products, Inc. Industrial Manufacturer Production Facility
  • Tropical Sno Harlan Bakery Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Molded Products INC · 6 yrs held
Molded Products INC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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