202 Broad St, Reinbeck, IA 50669

202 Broad St, Reinbeck, IA 50669
MLS ID #:
20174627

Property Address:
202 Broad St
Reinbeck, IA 50669

County:
Grundy

Region:
Outside Area

Area:
Surrounding Area

Location:
Downtown

Year Built:
1910

Property Type:
Commercial

Sub-Type:
Retail

Building Description:
Multi-Tenant, 2 Story

Insulation:
Unknown

Date Listed:
August 21st, 2017

Status:
Active

Price:
$149,900.00

Ownership:
LL Corp

Possession:
At Closing

Gross Taxes:
2505.00

Tax Year:
2015

Gross Op Income:
$21,120.00 Projected

Net Op Income:
$17,291.00 Projected

Gross Op Expense:
$3,829.00 Actual

Multi-Tenant:
Yes

Tenant Pays:
Trash, Gas, Electric, Heating, Cooling, Water/Sewer

Possible Financing:
Subject to Tenants Rights

Sale/Rent:
For Sale

Terms/Lease:
Yearly

Sale/Lease Type:
Normal Sale

For Sale:
Yes

Ivestment:
Yes

Avail at List Office:
Lease(s), Aerial Photo

Zoning:
Commercial

Potential Use:
Office, Retail, Other Potential Uses

Restrict/Easements:
Unknown

Legal Desc:
Refer to abstract

Drive-In Doors:
2

Included:
Land, Building

Total Building Sq Ft:
5,080 sq ft

Lot Sq Footage:
5,280

Acres:
0.1200

Frontage/Access:
Corner Lot

Exterior:
Brick, Other Exterior Finish

Wall Construction:
Brick, Block

Common Area:
Yes

Utilities Available:
Electric, Gas, Water, Sewer

Sewer Type:
City Sewer

Heating:
Forced Air, Gas, Hot Water, Individual Units

Cooling:
Individual Control

Remarks: Solid investment opportunity in solid community. Commercial building constructed in 1910 that has multiple tenants, including 4 residential rentals on second floor with solid rental history. Commercial space includes beauty salon, light commercial, and two heated bays with overhead doors and drains--one bay has hoist. Each unit has separately metered water/gas/electric. Call or email to request more information.
Realtor/Equal Housing Lender Listing provided courtesy of Inspired Real Estate.
Listing Agent: Bob Claassen
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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