$50,000
$65,000
23.1%For more information regarding the value of a property, please contact us for a free consultation.
401 Main ST Colo, IA 50056
2,500 SqFt
Key Details
Sold Price $50,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $20
MLS Listing ID 64581
Sold Date 08/15/24
Year Built 1914
Annual Tax Amount $561
Property Sub-Type Commercial
Source Central Iowa Board of REALTORS®
Property Description
Located in the heart of historic Colo. USPS Lease has been renewed for another five years at $875 per month. Many other possibilities exist to add commercial and/or residential units on the first and second levels.
New roof and boiler (2015), new front door and frame (2016) and some replacement windows (2020).
In addition to the Post Office on the main level is a one bedroom apartment. The second level was previously used by a private club/lodge and contains two over-sized rooms and a kitchenette.
Seller reported operating expenses: Property Insurance-- $705 per year, Utilities-- $1900 per year.
Any radon testing is for Buyer's knowledge only. The Seller will not participate in any Radon remediation.
Location
State IA
County Story
Zoning Commercial
Body of Water Public
Interior
Cooling Central Air
Flooring Tile, Hardwood, Carpet
Exterior
Roof Type Flat,Rubber
Street Surface Hard Surface
Building
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Wood,Masonry/Concrete
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