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Description
This is the property you've been waiting for for your next business venture! Outstanding multi-purpose commercial building with incredible Hwy. 61 visibility and commercial signage, situated on three city lots and zoned commercial. Completely remodeled since 2021 with extensive interior and mechanical updates including new HVAC system and water heater, updated electrical and plumbing, all new floor coverings, and a highly functional layout. The building features two separate entrances and is currently configured with professional office space including three offices, reception and waiting area, conference room, kitchen with laundry, and bath, along with a separate retail/showroom area with its own bathroom and warehouse/storage space. Exterior improvements include a new roof, new asphalt parking lot, and freshly painted exterior. With excellent exposure and a versatile layout that could easily be divided for multi-tenant income potential, this property offers endless possibilities for office, retail, service, or investment use.
Property Highlights
Property Type: Commercial - Investment
Year Built: 1950
General Information
County: Lee
Listed By:
Fraise Auction & Real Estate
319-372-9121
No Coast MLS
MLS ID: 6335720
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1219 Avenue H, Fort Madison, IA 52627.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $210,000 | $210,000 | $210,000 |
| Down Payment | $42,000 | $7,350 | $52,500 |
| Monthly Mortgage Amount | $994 | $1,203 | $1,276 |
| Taxes | $292 | $292 | $292 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $92 | $0 |
| Monthly Estimated Total | $1,386 | $1,687 | $1,668 |
About this area
Find homes for sale in Fort Madison, Iowa and learn about the local community and real estate market.
History and beauty combine for a breathtaking view of the Mississippi River. Fort Madison, with a population of over 11,000, is located along the Mississippi River in the southeastern corner of Iowa. Situated between bluffs along one of the widest portions of the Mississippi River, Fort Madison shares the Lee County Seat with Keokuk, which makes it the only county in Iowa with two seats of government. Continue browsing this page to see all houses for sale in Fort Madison, IA and if you need to do a little more research before buying, check out the information on this page.
Fort Madison is located southwest of Burlington. View homes for sale in the Burlington, Iowa area for more real estate options.
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403 S. Gear Avenue, Suite 105
West Burlington, IA 52655
Phone Number: (563) 441-1776