Property summary
This exceptional commercial property located at 1131 W Buchanan in Washington, IA, presents a unique investment opportunity. The 0.9-acre lot houses a remarkable industrial building, recognized as Building of the Year by Metal Magazine. The property boasts five spacious garage bays, ideal for various commercial uses, along with four separate rental units, all currently occupied by tenants. This provides immediate and consistent rental income. Each of the four rental units is equipped with its own heating system, 100-amp electrical service, 220-volt hookups for power tools or equipment, ceiling fans for comfort, a private bathroom, and a dedicated private entrance. The building's prestigious award underscores its high-quality construction and desirable features. The combination of the industrial bays and the income-generating rental units makes this property a versatile and financially attractive investment. The current tenant occupancy ensures a steady stream of revenue from day one. This is a rare opportunity to acquire a well-maintained, award-winning property in a desirable location with proven rental income. The property's size and features make it suitable for a variety of commercial ventures, offering significant potential for future growth and profitability. Serious inquiries are encouraged. The asking price is $375,000.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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