Adam Edstrom
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Well-maintained commercial property located in bustling downtown DeWitt, offering a strong investment or owner-user opportunity. The nearly 8000 sq. ft. building features 4 fully occupied office suites with long-term, reliable tenants in place. An additional two rear office spaces are currently unoccupied, providing immediate upside potential. The property includes a shared common area with bathroom, as well as a rear garage with overhead door offering approximately 900 sq. ft. of garage space with concrete floors-perfect for storage or for trades such as a plumber, electrician, or similar commercial use. The entire upper level is fully floored and offers excellent storage or future finishing potential. The steel roof was replaced in 2020 along with parking lot improvements, and facade improvements with updated windows and stylish dormers. Tenants are responsible for their own gas/electric, all on separate meters. Also included is an approximately 12,000 sq. ft. parking lot in great condition, providing ample off-street parking for tenants and visitors. A solid downtown asset with income stability and room for future growth. Income and expenses will be provided upon request, please do not enter businesses with inquiries.
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1900
General Information
County: Clinton
Listed By:
QC Reserve - Real Broker, LLC
563-294-0877
MRED MLS
MLS ID: 12575694
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615 10th Street, DeWitt, IA 52742.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $550,000 | $550,000 | $550,000 |
| Down Payment | $110,000 | $19,250 | $137,500 |
| Monthly Mortgage Amount | $2,568 | $3,152 | $3,343 |
| Taxes | $765 | $765 | $765 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $242 | $0 |
| Monthly Estimated Total | $3,493 | $4,319 | $4,268 |
Adam Edstrom
REALTOR®
Cell: (563) 210-6814
Licensed in IA & IL
DeWitt Office
903 Sixth Avenue
DeWitt, IA 52742
(563) 659-9433
DeWitt, IA 52742
(563) 659-9433
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