101 E Jefferson St 3,380 SF 60% Leased Office Building Winterset, IA 50273 $449,500 ($132.99/SF)

Unique opportunity to own an historic building in a prime location on Winterset's bustling town square. Originally built as a bank, the all-brick and concrete building is solid and in excellent condition. Most of the original 1913 woodwork has been preserved with modern updates throughout. Currently used as office space, the property has potential for retail as well. The main floor houses 5 offices, a lobby/reception area, kitchenette, original bank vault, updated bathroom and two exterior accesses, including a ramp. The second story has 6 offices and a bathroom with separate access from the street. The basement offers storage on one side. The other side is an old bathhouse with street access. This space is in need of renovation but has a full mosaic tile floor in beautiful condition. Newer furnaces (2) and a/c. Included with the property is off-street parking, a huge asset. Partially rented with ample opportunity for additional income. This building is on the registry of National Historic Places. Just 30 miles to Des Moines, Winterset is the county seat and boasts a viable work force and ample tourism to its charming square, covered bridges and the John Wayne Birthplace museum. All information obtained from seller and public records.
Current rental income is $2150/ mo with tenants on a month-to-month lease. Additional space is available.