1112 Chatburn Ave Harlan, IA 51537-2007
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.
-
Molded Products, Inc. Industrial Manufacturer Production Facility
-
Tropical Sno Harlan Bakery Take-out & Catering
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.