Commercial Listings

1914 E 18

Address: 1914 E 18, Algona, IA

Price: $895,000.00

Property Overview

  • Style: Single Story
  • Year Built: 2003
  • Taxes: $24246
  • Lot Size: 51,836 sq. ft

Description

This property provides the opportunity to acquire a 17,910 SF retail center in Algona, Iowa, located on heavily traveled Hwy 18 E at a cap rate of 6% on In-Place income. The property is 82% leased with a diverse mix of occupants. Current vacancies and below market rents provide an investor upside over time to increase yield. The retail center is strategically located near a grocery store, upscale restaurant, hotel and auto parts store. Eastland Hill Plaza provides fortuity to purchase a multi-tenant retail center at far below replacement cost with concurrent benefit that accompanies lease up of vacant suites and moving low legacy rents to market.
Listing Agent

For More Information Contact:

Joe Muller

(515) 341-5404

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