121 E 5TH ST Active Save Request In-Person Tour Request Virtual Tour
Storm Lake,IA 50588
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,813 sqft
Price per Sqft $20
MLS Listing ID 827834
Year Built 1972
Annual Tax Amount $17,522
Tax Year 2023
Lot Size 0.400 Acres
Property Sub-Type Commercial
Property Description
This quality commercial building features 13,644 sq.ft. of office area plus a finished basement with an additional 3,196 sq.ft. This property was formally used as a bank and has been a fixture in this community since 1972. The main floor includes 10 offices, 2 restrooms, and a large lobby & workstation area. On the second floor there are 7 additional offices, a large conference room, a kitchen area, 4 restrooms, and a large workstation area. The finished basement includes a kitchen area, workstation area, 1 office, a restroom, and mechanical/storage rooms. There is a deed restriction preventing the property from being used for any banking or insurance purposes. This property could be converted to apartments or condos and the state of Iowa has had Grants and Tax credit programs available to offset the cost. Also included with this property is the concrete parking lot to the north of the building.
Location
State IA
County Buena Vista
Area Other Default