Bought with Hawkeye Commercial Real Estate
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718 5TH Street Durant, IA 52747
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Key Details
Sold Price $218,000
Property Type Commercial
Sub Type Retail/Stores
Listing Status Sold
Purchase Type For Sale
Square Footage 2,736 sqft
Price per Sqft $79
MLS Listing ID QC4262531
Sold Date 06/10/25
Year Built 1973
Annual Tax Amount $4,326
Lot Size 0.270 Acres
Property Sub-Type Retail/Stores
Property Description
Mercy One/Genesis signed a five (5) year lease with an annual rental rate of $30,096.00 per year. Rent bump in year 3. Net lease with landlord responsible for roof and structure. 12% cap rate at asking price. Lease commences May 1st, 2025
Location
State IA
Zoning C-1
Interior
Cooling Central Air
Flooring Carpet, Concrete
Fireplace N
Exterior
View Y/N true
Building
Water Municipal Water
Structure Type Brick,Frame
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