CALL OR TEXT MARK LEISS TODAY FOR ANY OF YOUR REAL ESTATE NEEDS IN THE IOWA GREAT LAKES AREA! 712.330.2045

605 Lake Street, Spirit Lake, IA 51360 (MLS# 18-896)


$1,295,000
605 Lake Street
Spirit Lake, IA 51360
MLS# 18-896



605 Lake Street, Spirit Lake, IA 51360
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Property Description
Unique Investment Opportunity! Entire Building & Large Parking Lot For Sale on Highway 9/71 with great exposure! Zoned General Commercial, the upper level consists of 3 luxury residential condos beautifully remodeled & created in 2014-15. Condos are 2 and 3 bedroom units with 1 & 2 baths. Hardwood floors, spacious room sizes, upgraded appliances. Main level is rented by CPA firm. Two condos currently rented with one recent vacancy.

Details
Maps
Documents
Status Change Info
Status: Active
Location, Tax and Other Information
House Number: 605
Street: Lake
Street Suffix: Street
Postal City: Spirit Lake
State/Province: IA
Zip Code: 51360
County: Dickinson
Legal: W 187' EXC E 60' OF S 117.75' LOT 6 WHITLOCK'S ADD.EXACT LEGAL PER ABSTRACT AND WARRANTY DEED.
Parcel Number: 07-04-256-006
Additional Parcels: Yes
School District: Spirit Lake
Waterfront: No
Tax Classification: Commercial
Tax Year: 2016
Tax Amount: 6246
Assessments: Unknown
Taxes w/Assessments: 6246
Contract Information
For Sale/Lease: For Sale
Current Price: $1,295,000
List Price: $1,295,000
Owner is Agent: No
Sign on Property: Yes
General Property Information
Type of Property: Mixed Use
Living Area Source: Assessor
Year Built: 1888
# of Units: 7
Land Size SqFt: 44039
Lot Size Source: Assessor
Land Size- Acres: 1.01
Flood Zone: No
# of Overhead Doors: 1
Unit 1
Unit Number: Condo 1
Level: 2-upper
Total Rooms: 10
Total Bedrooms: 3
Total Baths: 2
Full Baths: 1
Three Quarter Baths: 1
Lease Expiration: 2019-02-01
Monthly Rent: 1300
Unit 2
Unit Number: Condo 2
Level: Upper
Total Rooms: 8
Total Bedrooms: 2
Total Baths: 1
Three Quarter Baths: 1
Monthly Rent: 110
Unit 3
Unit Number: Condo 3
Level: Upper
Total Rooms: 12
Total Bedrooms: 2
Total Baths: 1
Full Baths: 1
Three Quarter Baths: 1
Unit 4
Unit Number: 4
Level: Main
Total Rooms: 6
Total Baths: 1
Full Baths: 1
Lease Expiration: 2020-05-01
Unit 5
Unit Number: 3 offices
Level: Main
Total Rooms: 3
Property Features
Construction: Other(Expln in Rmks)
Exterior: Brick; Stucco
Heat: Forced Air
Fuel: Natural Gas
Roof: Asphalt Shingles
Parking Charcterstcs: Assigned; Garage Door Opener; Heated Garage; Unassigned; Uncovered/Open
Air Conditioning: Central; Ductless Unit
Current Use: Professional Service; Professional/Office; Residential
Sale Includes: Building; Land; Leases; Other
Owners Expense: Lawn; Maint/Repair; Snow
Tenant Expenses: Electric; Lawn; Snow
Amenities: Front Exposure; High Traffic Location; High Visibility; Highway Access; Kitchen Area; Restrooms; Security Lighting; Smoke Detector
Road Frontage: City Street; US Highway
Terms: Cash; Conventional
Appliances 1: Dishwasher; Disposal; Dryer; Microwave; Range/Stove; Refrigerator; Washer
Unit 2: Leased
Appliances 2: Dishwasher; Disposal; Dryer; Microwave; Range/Stove; Refrigerator
Appliances 3: Dishwasher; Disposal; Dryer; Microwave; Range/Stove; Refrigerator; Washer
Appliances 4: Dishwasher; Dryer; Microwave; Range/Stove; Refrigerator; Washer
Unit 5: Leased

Listing Office: EXIT Realty Midwest

Listing Agent: Tracey Radcliffe

Last Updated: June - 11 - 2018

Copyright 2016 Iowa Great Lakes Board of Realtors. Based on information from Iowa Great Lakes Board of Realtors. The advertisers and publishers are not responsible or liable for misinformation, misprints, or other errors. All information provided is deemed reliable but is not guaranteed and should be independently verified. Prices subject to change without notice. Properties subject to prior sale or rental.

Sunday 18th of November 2018 02:03 AM