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300 1st St E
Independence, IA 50644
Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,496 SF
Building Class
C
Year Built
1880
Building Height
2 Stories
Building FAR
1.61
Lot Size
0.05 AC

ABOUT 300 1ST ST E , INDEPENDENCE, IA 50644

For over 50 years, this historic brick building housed The Majestic, a fixture in the heart of downtown Independence. Located on Main Street’s busiest intersection with 9,700 cars passing by daily. Additional income provided by 3-one bedroom apartments upstairs. Each rents for $275/month with tenants paying their own utilities. Stoves and refrigerators are owned by the landlord. Owner will consider leasing the main floor also. Recent updates include interior and bath remodel approx. 4 years ago, new central air 3 years ago and newer rubber roof. There is an elevator between basement and main floor.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06.34.463.011
Land Assessment
$10,420
Improvements Assessment
$87,350
Total Assessment
$97,770
  • Listing ID: 3660541

  • Date on Market: 9/23/2016

  • Last Updated:

  • Address: 300 1st St E, Independence, IA 50644

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