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1208 Willis Ave 9,920 SF of Retail Space Available in Perry, IA 50220
HIGHLIGHTS
- Within a Qualified Census Tract & Opportunity Zone!
- Versatile layout with full basement can accommodate various business types
- Adjacent to local traffic generators including 65K annual visits to neighbor, Hotel Pattee
- Attentive ownership group has recently restored the building while maintaining its historic character
- Prime location at a hard corner right off the bike path with ample visibility
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 9,920 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
- Space In Need of Renovation
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 9,920 SF | Gross Leasable Area | 9,920 SF |
| Property Type | Retail | Year Built | 1946 |
| Property Subtype | Storefront |
| Total Space Available | 9,920 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 9,920 SF |
| Year Built | 1946 |
ABOUT THE PROPERTY
This recently restorated 9,920 SF building offers a strategic location just half a mile north of Hwy 141 and right off the Raccoon River Valley Trailway in the heart of Perry, making it an ideal choice for retailers seeking an easy commute and great visibility without losing the small town charm. Its prominent position in the Perry area ensures a strong presence within the local market, including the notable Hotel Pattee's location across the street which pulls in an average of 65,000 annual visitors. This building contains a mostly open floor plan and a basement in phenomenal condition. It can easily accommodate a single user, but the strategic location of multiple entrances to the building would allow for up to 3-4 tenants if desired. Don't miss the chance to capitalize on this exceptional property and elevate you portfolio in this thriving commercial hub. Immerse yourself in the charming community surrounding the property in Perry, IA. Located in a vibrant neighborhood right across the street from the Perry library, chamber of commerce, and well-known Hotel Pattee and adjoined Pattee Cafe. Enjoy the convenience of nearby dining options, shopping centers, and recreational facilities. With its welcoming atmosphere and strong community spirit, Perry provides an ideal setting for professionals seeking a retail or office space. Embrace the area's small-town charm while being just a short distance from major transportation routes, creating the perfect balance between accessibility and local charm.
- Corner Lot
- Courtyard
- Restaurant
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
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1208 Willis Ave
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