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173 385th Ave 47,000 SF Specialty Building Offered at $2,900,000 at a 6.50% Cap Rate in Grinnell, IA 50112
Investment Highlights
- Established self-storage facility serving the Grinnell market
- Convenient location with access to residential and rural customer base
- Opportunity to acquire an operating income-producing asset
- Potential for continued revenue growth through active self-storage operations
Executive Summary
West Side Mini Storage, located at 173 385th Ave in Grinnell, IA, has been listed for sale. The property is an operating self-storage facility serving the Grinnell market. The offering presents an opportunity for investors or owner-operators to acquire an established storage asset with existing operations and potential for continued income generation.
Property Facts
| Price | $2,900,000 | Lot Size | 4.40 AC |
| Price Per SF | $61.70 | Building Size | 47,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 1986 |
| Property Type | Specialty | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $2,900,000 |
| Price Per SF | $61.70 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 4.40 AC |
| Building Size | 47,000 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Opportunity Zone |
Yes |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,515,010 | |
| Land Assessment | $159,800 | Total Assessment | $1,674,810 |
Property Taxes
Parcel Numbers
Land Assessment
$159,800
Improvements Assessment
$1,515,010
Total Assessment
$1,674,810
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Contact the Sale Advisor
173 385th Ave