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True Value 203 S Madison St 19,200 SF Industrial Building Prairie City, IA 50228 $525,000 ($27.34/SF) 8.77% Cap Rate

Warehouses Iowa Prairie City 203 S Madison St, Prairie City, IA 50228

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INVESTMENT HIGHLIGHTS

  • Wide Open Space
  • Radiant Heat

EXECUTIVE SUMMARY

Fully leased building with long term tenant along with two undeveloped commercial lots giving you ample expansion room to further your investment opportunities.

DATA ROOM Click Here to Access

  • Operating and Financials

FINANCIAL SUMMARY (ACTUAL - 2024) 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 $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) 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 $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $525,000 Rentable Building Area 19,200 SF
Price Per SF $27.34 No. Stories 1
Sale Type Investment Year Built/Renovated 1973/2020
Cap Rate 8.77% Tenancy Single
Property Type Industrial Parking Ratio 1.04/1,000 SF
Property Subtype
Warehouse
  • Industrial Manufacturing
  • Industrial Service
  • Flex Telecom Hotel Data Hosting
 Clear Ceiling Height 12’
Building Class C No. Drive In / Grade-Level Doors 1
Lot Size 0.79 AC
Zoning Industrial - The I-1 District (Industrial District) is intended and designed to provide for the location of certain manufacturing and industrial uses
Price $525,000
Price Per SF $27.34
Sale Type Investment
Cap Rate 8.77%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
  • Industrial Service
  • Flex Telecom Hotel Data Hosting
Building Class C
Lot Size 0.79 AC
Rentable Building Area 19,200 SF
No. Stories 1
Year Built/Renovated 1973/2020
Tenancy Single
Parking Ratio 1.04/1,000 SF
Clear Ceiling Height 12’
No. Drive In / Grade-Level Doors 1
Zoning Industrial - The I-1 District (Industrial District) is intended and designed to provide for the location of certain manufacturing and industrial uses

AMENITIES

  • Storage Space
  • Fiber Optic Internet

UTILITIES

  • Water - City
  • Heating - Gas
1 1

PROPERTY TAXES

Parcel Number 16-02-209-001 Total Assessment $204,380 (2025)
Land Assessment $42,780 (2025) Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $161,600 (2025) Tax Year 2024

PROPERTY TAXES

Parcel Number
16-02-209-001
Land Assessment
$42,780 (2025)
Improvements Assessment
$161,600 (2025)
Total Assessment
$204,380 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
(515) 284-1779

Still interested?

Contact the broker for more information about this property

CONTACT

  • Ray Hauser
    Ray Hauser
  • Hauser Properties

  • Listing ID: 36376530

  • Date on Market: 6/24/2025

  • Last Updated:

  • Address: 203 S Madison St, Prairie City, IA 50228

More public record information on 203 S Madison St, Prairie City, IA 50228

The Industrial Property at 203 S Madison St, Prairie City, IA 50228 is currently available for Sale. Contact Hauser Properties for more information.

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True Value | 203 S Madison St
(515) 284-1779 x

True Value | 203 S Madison St

Ray Hauser
(515) 284-1779

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