Property profile

405 Wapello S St Mediapolis, IA 52637

OFF-MARKET
Manufacturing properties
Property ID
US25-0173155
14,424 SF 0.7 ac lot Built 1975
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 15,384 square foot light industrial building is situated on a 0.7-acre lot in the heart of Mediapolis, Iowa. Its highly visible location offers unparalleled exposure for any business. Constructed using durable post-frame methods, the building features concrete floors throughout, providing a robust and versatile space. The interior includes well-appointed office areas, equipped with two bathrooms for the convenience of employees and clients. Heating is installed throughout the building, ensuring year-round operational capability. A significant advantage is the availability of 3-phase power, making it suitable for businesses with high electrical demands, such as manufacturing or those utilizing heavy machinery. This property presents a unique opportunity for businesses seeking expansion or a new location in a thriving Iowa community. The building's design and features cater to a wide range of industrial and commercial uses, offering flexibility and efficiency. The recent price reduction makes this an even more compelling investment opportunity. Don't miss the chance to secure this strategically located and well-equipped commercial property. The asking price is $485,000.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1975
Total area 14,424 SF
Lot 0.7 ac (30,318 SF)
APN 02-26-326-010
UPID US25-0173155

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store

Location

405 Wapello S St Mediapolis, IA 52637-9796
Mediapolis metro Census 1100 BURLINGTON, IA-IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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