Storm Lake, IA 50588,121 E 5TH ST
Storm Lake, IA 50588,121 E 5TH ST
Storm Lake, IA 50588,121 E 5TH ST
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$350,000
Est. payment /mo
16,813 SqFt
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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

Acres 0.4

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


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Listed by Compass Real Estate of NW IA

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agent

Michelle Maloney

+1(605) 677-9006

Broker | License ID: 14315

Broker License ID: 14315

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