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Property profile & analytics
OFF-MARKET
Office buildings

223 Central W Ave Clarion, IA 50525-1311

2,508 SF 0.17 ac lot Built 1947
Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1947803
Property summary
AI-generated overview

This exceptional 2,508 square foot office building, situated on a 0.17-acre lot at 223 Central Avenue West in Clarion, Iowa, presents a remarkable opportunity. Ideally located at the heart of Wright County, directly on Highway 3, this property boasts high visibility and accessibility. Substantial updates have been implemented within the last decade, ensuring modern functionality and appeal. The building's versatile design lends itself to a variety of uses, including office space, retail ventures, or as an income-generating property. Its adaptable layout allows for division into two separate rental units, or utilization as a single cohesive space. One side features five offices, a large lobby/waiting area, and a spacious bathroom, while the second area includes a separate office, bathroom, and its own lobby/waiting area. All doorways measure 36 inches, and both bathrooms are designed for wheelchair accessibility, promoting inclusivity and convenience. Currently, the property is available for both sale and lease, offering flexibility for potential buyers and tenants. This prime location and adaptable space make it an exceptional investment opportunity with significant potential for return.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1947
Total area 2,508 SF
Lot 0.17 ac (7,296 SF)
APN 07-31-367-003
UPID US25-1947803
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
  • K & L Technical Services Tech Support Center (Bike/Boat/Book/etc) Store
  • Farm Bureau Financial Services - Dave Stanton Financial Advisor
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
Thomas E Frantz · 13 yrs held
Thomas E Frantz
since 2012
4 recorded transactions
2022
Price N/A
2016
Price N/A
2012
$60,000
2012
$55,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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