1427 W Milwaukee Ave Storm Lake, IA 50588
- Medical offices
- 1,248 SF
- 4.83 lot acres
Current Use by Public Records
- Medical offices
Property Details for 1427 W Milwaukee Ave
- Year built
- 1965
- Construction
- FRAME
- Lot size
- 4.83 lot acres
- Property size
- 1,248 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 10-33-453-008
- APU
- 1033453008
Description
This exceptional single-story office building, located at 1427-1429 W Milwaukee Avenue in Storm Lake, Iowa, presents a unique investment opportunity. The property boasts 1,248 square feet of vacant, net rentable space, ideal for a variety of professional uses. Previously utilized as a medical clinic, the building is well-maintained and ready for immediate occupancy. Situated on a generous 4.83-acre lot, it offers ample space for expansion or future development. The strategic location on the main thoroughfare (Highway 7/W Milwaukee Avenue) ensures high visibility and accessibility. The property benefits from its proximity to numerous other businesses and the presence of Buena Vista University in Storm Lake. Built in 1965, this building offers a solid foundation for a new owner to establish their business or generate rental income. The asking price is $400,000, translating to $320.51 per square foot. This represents a compelling value in the Storm Lake commercial real estate market. The property's size and location make it an attractive option for businesses seeking a prominent presence in a thriving community. This is a rare opportunity to acquire a substantial office building in a desirable location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Storm Lake
- County
- Buena Vista
- State
- Iowa
- Longitude
- -95.2198
- Latitude
- 42.65
- CBSA code
- 44740
- CBSA name
- STORM LAKE, IA MICROPOLITAN STATISTICAL AREA
