2827 8Th Ave S Fort Dodge, IA 50501
- Office buildings
- 25,751 SF
- 3.72 lot acres
Current Use by Public Records
- Land O'Lakes AG Services / Animal Feed Store
Property Details for 2827 8Th Ave S
- Year built
- 1968
- Construction
- STEEL FRAME
- Lot size
- 3.72 lot acres
- Property size
- 25,751 SF
- Property type
- Office buildings
- APN
- 728177002
- APU
- 728177002
Description
This exceptional investment opportunity presents a vacant, 2-story, 24,556 square foot office building situated on a 3.72-acre lot in Fort Dodge, Iowa. Built in 1968 and renovated in 2012, the Class C property features concrete floors, a mix of standard and LED lighting (2012 remodel), and a forced-air HVAC system in the office areas supplemented by a boiler system for heating. The building is currently vacant, offering immediate potential for lease or owner-occupancy. Utilities are serviced by MidAmerican Energy (electric and gas) and the City of Fort Dodge Water Department. The property boasts a permitted C zoning classification and is identified by APN 0728177002. The asking price is below assessed value, making this a compelling investment prospect. The building's substantial size and location in Webster County, Iowa, present a strong foundation for future growth and profitability. This property is ready for immediate development or lease, offering a unique opportunity for investors seeking a substantial presence in the Fort Dodge market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $240,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $230,000
- Mixed-Use
- $240,000
- Hospitality
- $220,000
- Educational
- $225,000
- Residential Income
- $240,000
- Energy
- $225,000
- Income-Based Land
- $260,000
- Food Service
- $205,000
Location Insight
- Map
- Local Demand
- City
- Fort Dodge
- County
- Webster
- State
- Iowa
- Longitude
- -94.1594
- Latitude
- 42.4971
- CBSA code
- 22700
- CBSA name
- FORT DODGE, IA MICROPOLITAN STATISTICAL AREA