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419-423 E Erie Street 419 E Erie St

7,500 SF 100% Leased Retail Building Missouri Valley, IA 51555 $596,989 CAD ($80 CAD/SF)

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Investment Highlights

7500 sf property features retail on the main level and 4 upper level apartments
Ability to finish out office space behind 423 E Erie with separate side access for extra income

Ability to finish out a large 3 bed/2 bath apartment above 421 E Erie

Executive Summary

Historic Missouri Valley Building for Sale. Originally built as a bank in 1902, this well maintained 7500 sf property features retail on the main level and 4 upper level apartments. Value add opportunities include: ability to finish out a large 3 bed/2 bath apartment above 421 E Erie and office space behind 423 E Erie with separate side access for extra income. New roof in August of 2023. Building currently generates $5100 monthly/$61,200 annually. Excellent Opportunity!
419 E Erie Street: Commercial Bay - Busy Bees Playground
Gas & electric separately metered
419 E Erie Street: Apartment
4 bed, 1 bath with large utility room
Washer & dryer inside
Dedicated gas HVAC unit
Verizon tower on roof
421 E Erie Street: Commercial Bay - Herbal Remedies Wellness Center
Water heater above the bathroom HVAC unit in the backspace
421 E Erie Street: Unfinished Apartment Space
Apartment unfinished over 421 E Erie St, potential to be 3 bed 2 bath. Framed out HVAC in box as well as water heater
No meter
423 E Erie Street: Bay
Tenant on main floor has a gas meter and three Mid American meters currently
Forced air AC
423 E Erie Street: Apartments
Shared washer & dryer between 2 upper apartments of 423 E Erie
Window AC & electric baseboard heat in apartments
Apartment #1: 2 bed, 1 bath
Apartment #2: 1 bed, 1 bath
Apartment #3: 1 bed, 1 bath with washer dryer stackable in the bathroom; side entrance, unit address 105 1/2,
Apartments all electric and separately metered
Unit 107
Potential to be built out as future office space

421 East Erie St Brochure