MLS ID #: 20220286

1111 S Paine Street, Decorah, IA 52101

1111 S Paine Street, Decorah, IA 52101
Bushman Ins. & Real Estate
109 W. Main Street, Ossian, IA 52161
Bushman Ins. & Real Estate
Office: (563) 532-9207
Email: agency@bushmaninsurance.com
Website: www.bushmanagency.com
MLS ID #:
20220286

Property Address:
1111 S Paine Street
Decorah, IA 52101

County:
Winneshiek

Region:
Outside the Metro Area

Miles to Highway:
Iowa Hwy 9

Year Built:
1982

Property Type:
Commercial

Sub-Type:
Office/Industrial

Building Description:
2 Story, Free Standing, Multi-Tenant

Insulation:
Roof, Side Walls, Sound

Date Listed:
January 26th, 2022

Status:
Active

Price:
$478,000.00

Ownership:
Lim Partnership

Possession:
Negotiable, Subject to Tenant Right

Gross Taxes:
16055.00

Tax Year:
2020

Gross Op Income:
$60,465.00 Projected

Net Op Income:
$18,325.00 Projected

Gross Op Expense:
$42,140.00 Projected

Multi-Tenant:
Yes

Tenant Pays:
None

Possible Financing:
Cash Convention

Terms/Lease:
Renewal Option, Other Terms/Lease

Sale/Lease Type:
Normal Sale

For Sale:
Yes

Ivestment:
Yes

Avail at List Office:
Lease(s)

Zoning:
C-1

Potential Use:
Office

Legal Desc:
LOTS 2-4,5,6,1-7 BLK 6 DAY & PAINES;2-1-1 -5,1-2-3-5 & 2-2-5 SE NW

Included:
Building, Land

Total Avail Sq Ft:
11,094 sq ft

Total Building Sq Ft:
11,094 sq ft

Office SqFt:
8,915 sq ft

Lot Sq Footage:
31799

Acres:
0.7200

Frontage/Access:
City Street, Paved 2 Lane

Exterior:
Brick

Roof Construction:
Comp Shingle

Wall Construction:
Frame

Floor Construction:
Carpeted, Tile/Vinyl

Common Area:
Yes

Utilities Available:
Electric, Gas, Phone, Sewer, Water

Sewer Type:
City Sewer

Heating:
Forced Air, Gas, Individual Units

Cooling:
Central, Individual Control, Individual Units

Remarks: This is a great investment opportunity! Most tenants in this building have been long term tenures. With that being said it would make this office building a property you should consider. Many improvements have made inside and out within the last few years including roof, windows and resurfaced parking lot. Handicap accessibility on East entrance, including elevator to lower level with separate bathroom in lower level hall. Call for a complete prospectus.
Realtor/Equal Housing Lender Listing provided courtesy of Kelly Real Estate Inc.
Listing Agent: Michael Kelly
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.

Additional Photos

  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101
  • 1111 S Paine Street, Decorah, IA 52101

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