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321 9th St

5,632 SF 100% Leased Office Building Sheldon, IA 51201 $567,039 CAD ($101 CAD/SF) 7.50% Cap Rate

Investment Highlights

  • Historic Main Street
  • Strong rental demand
  • Recently Renovated

Executive Summary

Turn key investment oppurunity
Must see!
New roof, new utilties
Experienced property manager in place
3 new upscale apartments on 2nd floor, 2 bed 1 bath
Main floor is recenty remodeled office space
1 year lease on apartments, 3 year on office space

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,632 SF
Building Class
B
Year Built/Renovated
1901/2024
Price
$567,039 CAD
Price Per SF
$101 CAD
Cap Rate
7.50%
NOI
$42,528 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,816 SF
Building FAR
0.26
Lot Size
0.50 AC
Zoning
Commercial - Zoned Commercial
Parking
8 Spaces (1.42 Spaces per 1,000 SF Leased)
  • Listing ID: 34246082

  • Date on Market: 2024-12-19

  • Last Updated:

  • Address: 321 9th St, Sheldon, IA 51201

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