215 State St Algona, IA 50511-2737
This attractive brick and wood-fronted commercial building in downtown Algona, Iowa, presents a fantastic investment opportunity. The property boasts approximately 2582 square feet of space, ideally suited for office or professional use. The main level features a welcoming reception/waiting area, four private offices (each measuring 11 x 13 feet), a meeting room (19 x 12 feet), a break room (14 x 9 feet), a half-bath, and ample storage. Additional storage is available in the basement. Recent updates include fresh paint in the reception area, hallway, and meeting room. The building sits on a 0.07-acre lot and offers convenient access to a public parking lot and alley via a rear entry/exit. The sale is contingent upon the existing tenant's lease agreement. This property is located at 215 E State Street, Algona, IA, and is priced at $100,000. The dimensions provided are approximate. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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