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901 E South St

1,352 SF Flex Building Tipton, IA 52772 $1,706,400 CAD ($1,262 CAD/SF)

Investment Highlights

  • This property consists of two large structures, ideal for your business, warehouse, or storage needs.
  • The larger building is in year two of a three-year lease at $4800 monthly.
  • The larger All Steel building is 100' x 100' and the recently completed and brand new second building is 90' x 50'.

Executive Summary

This property consists of two large structures, ideal for your business, warehouse, or storage needs. Situated on shy of 3 acres, many options exist for employee parking, loading/unloading, and storage. The larger All Steel building is 100' x 100' and the recently completed and brand new second building is 90' x 50'. Both buildings are heated, have multiple 30' x 14' power lift hydraulic doors, heated offices, bathrooms and so much more. The larger building has a filtration fan, a two-foot cement wall, and 3' cement pilings every 20 ft, that are 30' deep. Sidewalls are 20' plus a 2' cement knee wall. The newer building has two floor drains, a loft for offices, storage, a kitchen, and bath, or whatever your company or personal needs are for the property. Located on a very accessible road with room for semis to turn around, this is one you will want to consider for your expanding company or start-up operations. The larger building is in year two of a three-year lease at $4800 monthly. Big buyer bonus: there are no taxes due for three years on the new building! Call for more details and to arrange a personal walk-through and tour!

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $81,907 $60.58
Other Income - -
Vacancy Loss - -
Effective Gross Income $81,907 $60.58
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $81,907
Annual Per SF $60.58
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $81,907
Annual Per SF $60.58
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $1,706,400 CAD
Price Per SF $1,262 CAD
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Light Manufacturing
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Warehouse
Lot Size 2.48 AC
Rentable Building Area 1,352 SF
No. Stories 1
Year Built 2020
Tenancy Single

Amenities

  • Conferencing Facility
  • Front Loading
  • Reception
  • Storage Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0480-11-06-300-036-0
Land Assessment
$135,560 CAD
Improvements Assessment
$577,232 CAD
Total Assessment
$712,792 CAD
  • Listing ID: 33833798

  • Date on Market: 2024-11-11

  • Last Updated:

  • Address: 901 E South St, Tipton, IA 52772

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