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604 W 7th St 1,992 SF Retail Building Atlantic, IA 50022 $140,000 ($70.28/SF)



INVESTMENT HIGHLIGHTS
- Includes turn-key business with loyal clientele
- Additional property available (currently has a house on it)
- Highway location on a corner lot
EXECUTIVE SUMMARY
Prime commercial property with unlimited potential! Take advantage of this incredible opportunity to own a high-visibility commercial property located on the main thoroughfare though Atlantic, Iowa. This versatile space is perfect for retail, a bar, offices, or continue as a restaurant. Whatever your vision may be, the possibilities are endless! With excellent exposure and steady traffic flow, your business will get the attention it deserves. The property offers plenty of parking, making it a convenient and accessible destination. Whether you're starting something new or expanding an existing venture, this prime location is ready for your big ideas. Location, flexibility, visibility - it's all here! Updates included a recently remodeled restroom, new heating and a/c units and a mini-split installed in 2020, asphalt in parking lot installed in 2021, new sewer line from the street to the building in 2022, new electrical system installed underground to the building and new electrical box installed beside the existing box in 2023/2024.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,992 SF
Building Class
B
Year Built
1963
Price
$140,000
Price Per SF
$70.28
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
Commercial - Highway location on main thoroughfare through Atlantic, Iowa.
Parking
21 Spaces (10.54 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 300006435001000 | Improvements Assessment | $92,870 (2024) |
| Land Assessment | $18,480 (2024) | Total Assessment | $111,350 (2024) |
PROPERTY TAXES
Parcel Number
300006435001000
Land Assessment
$18,480 (2024)
Improvements Assessment
$92,870 (2024)
Total Assessment
$111,350 (2024)
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604 W 7th St
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