718 5th St, Durant, IA 52747-7739
- Office Spaces
- 2,736 SF
- 0.27 lot acres
Current Use by Public Records
- Rock Valley Physical Therapy - Durant / Medical Clinic
Property Details for 718 5th St
- Year built
- 1973
- Lot size
- 0.27 lot acres
- Property type
- Office Spaces
- APN
- 40016364100090
- APU
- 40016364100090
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 10, 2015 | $110,000 | Sbck Holding Company LLC | Jeffrey R Paulsen | Warranty Deed | $200k · First National Bank |
Description
This exceptional commercial property, located at 718 5th Street in Durant, Iowa, presents a compelling investment opportunity. The 2,736 square foot building sits on a 0.27-acre lot and is currently occupied by Rock Valley Physical Therapy under a lease agreement extending until June 30, 2026. The annual net rent is $27,360, structured as a triple net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. This minimizes the owner's ongoing expenses and provides a predictable income stream. The property is described as clean and well-maintained, reflecting a commitment to quality and tenant satisfaction. Its strategic location in Durant, Iowa, offers excellent visibility and accessibility, contributing to its strong rental potential. This turnkey investment is ideal for those seeking a stable, income-generating asset with a long-term tenant in place. The property's size and location make it suitable for a variety of commercial uses, offering potential for future growth and appreciation. The current lease provides a secure return on investment, while the property's inherent value ensures long-term financial stability. This is a rare opportunity to acquire a well-located, income-producing commercial property in a thriving Iowa community. The asking price is $250,000.
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Location Insight
- Map
- Local Demand
- City
- Durant
- County
- Cedar
- State
- Iowa
- Longitude
- -90.9092
- Latitude
- 41.6007
