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901 E South St

1,352 SF Light Industrial Building Tipton, IA 52772 £939,960 (£695/SF)

Investment Highlights

  • This property consists of two large structures, ideal for your business, warehouse, or storage needs.
  • The larger building is in year two of a three-year lease at $4800 monthly.
  • The larger All Steel building is 100' x 100' and the recently completed and brand new second building is 90' x 50'.

Executive Summary

This property consists of two large structures, ideal for your business, warehouse, or storage needs. Situated on shy of 3 acres, many options exist for employee parking, loading/unloading, and storage. The larger All Steel building is 100' x 100' and the recently completed and brand new second building is 90' x 50'. Both buildings are heated, have multiple 30' x 14' power lift hydraulic doors, heated offices, bathrooms and so much more. The larger building has a filtration fan, a two-foot cement wall, and 3' cement pilings every 20 ft, that are 30' deep. Sidewalls are 20' plus a 2' cement knee wall. The newer building has two floor drains, a loft for offices, storage, a kitchen, and bath, or whatever your company or personal needs are for the property. Located on a very accessible road with room for semis to turn around, this is one you will want to consider for your expanding company or start-up operations. The larger building is in year two of a three-year lease at $4800 monthly. Big buyer bonus: there are no taxes due for three years on the new building! Call for more details and to arrange a personal walk-through and tour!

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £45,118 £33.37
Other Income - -
Vacancy Loss - -
Effective Gross Income £45,118 £33.37
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £45,118
Annual Per SF £33.37
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £45,118
Annual Per SF £33.37
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £939,960
Price Per SF £695
Sale Type Investment or Owner User
Property Type Light Industrial
Property Subtype
Light Manufacturing
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Warehouse
Lot Size 2.48 AC
Rentable Building Area 1,352 SF
Number of Floors 1
Year Built 2020
Tenancy Single

Amenities

  • Conferencing Facility
  • Front Loading
  • Reception
  • Storage Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0480-11-06-300-036-0
Land Assessment
£76,137 (2024)
Improvements Assessment
£371,206 (2024)
Total Assessment
£447,343 (2024)
  • Listing ID: 33833798

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 901 E South St, Tipton, IA 52772

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