1914 E Hwy 18, Algona, IA 50511
sale
$895,000
|
Other
Courtesy Of EXIT Realty Home/Land Properties
Exceptional income-producing commercial plaza offering a rare investment opportunity with strong cash flow and long-term growth potential. This well-maintained property is currently operating near full occupancy, with 8 established tenant spaces leased under varying lease terms, providing immediate and diversified rental income. The plaza features a strong tenant mix and consistent occupancy history, making it an attractive addition to any investment portfolio. In addition to the occupied units, 3 smaller commercial suites are currently available for lease, presenting an excellent opportunity for increased revenue and future value enhancement. Property Highlights: - High-occupancy commercial investment property - 8 leased units generating steady income - 3 available suites offering upside potential - Diverse tenant base with staggered lease expirations - Strong rental history and established business location - Excellent visibility and accessibility - Ample parking for tenants and customers - Attractive return on investment with future income growth opportunities Whether you're seeking a stable cash-flowing asset or a property with additional leasing upside, this commercial plaza delivers both immediate returns and long-term investment potential. Contact us today for financial information, lease details, and a private tour.
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Property Features
- Age: 21-30 Years Old
- Architecture Style: Other
- Building Units: 8
- Exterior Type: Brick
- Heating System: Forced Air
- Legal Description: BLK 11 EX N 17' & W 16' OF CLARKE ST FROM N LINE OF MOUND ST TO S LINE OF HWY ROW EX S 62' CALLS ADD
- MLSID: 6339808
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