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131 3rd St 2,268 SF Specialty Building Offered at $365,000 at a 7.99% Cap Rate in Underwood, IA 51576
Investment Highlights
- Unique multi-tenant grain bin & container-style commercial investment
- Two ADA-compliant common restrooms
- Fully leased with 3 tenants: coffee shop, retail shop, and event space
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $365,000 | Property Type | Specialty |
| Price Per SF | $160.93 | Building Size | 2,268 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 7.99% | Year Built | 2022 |
| Zoning | DC - Downtown Commercial District- “DC” General Commercial is meant to improve and restore the character of the current downtown district | ||
| Price | $365,000 |
| Price Per SF | $160.93 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.99% |
| Property Type | Specialty |
| Building Size | 2,268 SF |
| No. Stories | 2 |
| Year Built | 2022 |
| Zoning | DC - Downtown Commercial District- “DC” General Commercial is meant to improve and restore the character of the current downtown district |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 7642 16 253 013 | Total Assessment | $127,000 |
| Land Assessment | $11,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $115,500 | Tax Year | 2025 |
Property Taxes
Parcel Number
7642 16 253 013
Land Assessment
$11,500
Improvements Assessment
$115,500
Total Assessment
$127,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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