This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

952 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Abelardo's 1300 Lake Ave

3,499 SF Retail Building Storm Lake, IA 50588 £469,862 (£134/SF) 7.01% Net Initial Yield

Investment Highlights

  • Personal Guaranteed Lease Backed by Over 40 Units.
  • 5-Mile Population is Over 12,000 People.
  • Outparcel to HyVee Grocery (Iowa's Largest Grocer) and Bomgaars (Prominent Regional Farm and Outdoor Supplier).
  • Situated in Storm Lake's Main retail Trade Corridor.
  • Low Rent at Only $12/SF.
  • Nearby Retailers Include: HyVee, Walmart, Arby's, Anytime Fitness, McDonald's, Walgreens, Maurices.

Executive Summary

Abelardo's for sale in Storm Lake, IA. Investment NNN opportunity.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,499 SF
Building Class
C
Year Built/Renovated
1997/2023
Price
£469,862
Price Per SF
£134
Net Initial Yield
7.01%
NOI
£32,945
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.99 AC
Zoning
CC - Commercial Corridor
Parking
45 Spaces (12.86 Spaces per 1,000 SF Leased)
Frontage
182 ft on Lake Avenue North

Links

1 of 1

PROPERTY TAXES

Parcel Number 10-34-184-007 Improvements Assessment £268,331
Land Assessment £91,117 Total Assessment £359,448

PROPERTY TAXES

Parcel Number
10-34-184-007
Land Assessment
£91,117
Improvements Assessment
£268,331
Total Assessment
£359,448
(248) 702-0288

  • Listing ID: 31353566

  • Date on Market: 28/03/2024

  • Last Updated:

  • Address: 1300 Lake Ave, Storm Lake, IA 50588

1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/6
1300 Lake Ave, Storm Lake, IA for sale Building Photo- Image 1 of 6
MAIN - Storm Lake
1300 Lake Ave, Storm Lake, IA for sale Building Photo- Image 2 of 6
Building Photo
1300 Lake Ave, Storm Lake, IA for sale Building Photo- Image 3 of 6
Building Photo
1300 Lake Ave, Storm Lake, IA for sale Building Photo- Image 4 of 6
Building Photo
1300 Lake Ave, Storm Lake, IA for sale Building Photo- Image 5 of 6
Building Photo

1 of 1

Connect with us

© 2024 CoStar Group

Abelardo's | 1300 Lake Ave
(248) 702-0288 x

Abelardo's | 1300 Lake Ave

1/2

Deno Bistolarides

(248) 702-0288

(248) 702-0288

Grant Kallevig

(651) 370-2142

(651) 370-2142

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link