901 E South St
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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
Amenities
- Conferencing Facility
- Front Loading
- Reception
- Storage Space
PROPERTY TAXES
Parcel Number | 0480-11-06-300-036-0 | Improvements Assessment | £371,206 (2024) |
Land Assessment | £76,137 (2024) | Total Assessment | £447,343 (2024) |
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)
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901 E South St
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