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29297227
29297239

106 1st Ave NW, Waukon, IA 52172

JS
IA IA #B02741000, MN MN #40823456
Sweeney Real Estate
Listed by Sweeney Real Estate
$225,000
137 days on market
Updated 34 days ago

106 1st Ave Shop

Details
APN 1030454001
Property Type Industrial, Mixed Use (+3)
Sub Type Creative Office, Single Family Rental Portfolio (+1)
Square Footage 2,865
Units 3
Cap Rate 0.18%
NOI $400
Occupancy 33%
Tenancy Single
Lease Type Modified
Lease Expiration 03/31/2026
Pro-Forma Cap Rate 6.93%
Pro-Forma NOI $15,600
Price per SqFt $79
Class B
Year Built 1942
Stories 2
Lot Size (SqFt) 3,252
Zoning B2
Investment Type Value Add
Ceiling Height 20

Residential/ Shop space, user / investor

Marketing description

We are pleased to present this unique shop property with on-site living quarters, offering exceptional flexibility for owner-users or investors. The main shop features a 16-foot overhead door and an impressive 20-foot ceiling clearance, accommodating a Class B straight truck with ease. A secondary bay includes an 8-foot overhead door and extends the full length of the building, providing ample additional garage or storage space. Currently zoned B1. The second floor offers a bright, open-concept living area with room for expansion, allowing for additional finished square footage if desired. The entire building has been recently renovated, including new plumbing and electrical systems, and is fully wrapped in metal for durability and low maintenance. Ideally located within walking distance to downtown, this property offers convenient access without the congestion of main-artery traffic. This is a rare opportunity to own the highly sought-after combination of shop or storage space with residential living, or to capitalize on strong demand for both storage and rental income. Call Sweeney Real Estate today to schedule a private viewing!

Investment highlights

Value add for investors. This would be a great user/investor opportunity.

Listing Contacts

JS
IA IA #B02741000, MN MN #40823456
Sweeney Real Estate
Listed by Sweeney Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$400.00
$33.33/mo

Valuation Metrics

0
DSCR
0.18%
Cap Rate
0.18%
ROI

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Additional Information

Name
John Sweeney, CCIM, ALC
License
IA #B02741000
Brokerage
Sweeney Real Estate
Title
Jack Sweeney
Brokerage Address
600 Rossville Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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