50588, IA Storm Lake, 121 5th St. E

50588 in Storm Lake, IA features homes for sale in the Sale category, with Real Estate MLS # [MLS

$399,500

  • N/A
  • N/A
  • 16813
  • Active
Price Decreased

General Description

This Quality Commercial building features 13,644 sq.ft. of office area plus a finished basement with an additional 3,196 sq.ft. This property has been a fixture in this community since 1972. The main floor includes 10 offices, 2 restrooms, and a large lobby/ work station area. On the second floor there are 7 additional offices, a large conference room, a kitchen area, 4 restrooms, and a large work station area. The finished basement includes a kitchen area, work station area, 1 office, a restroom, and mechanical/storage rooms. There is a deed restriction preventing the property from being used for any banking or insurance purposes. This property could be converted to apartments or condos and the state of Iowa has had Grants and Tax credit programs available to offset the cost. Gross Real Estate Taxes shown in listing are based on the 2022 assessed value of $887,480. The 2023 assessed value of this property is $545,340! Also included with this property is the concrete parking lot to the north of the building.

Legal: 06-15 STORM LAKE CORP HAYES LOTS 6-12
Status: Active

Property Information

824219

$399,500

121 E 5th St.

Surrounding Areas/Other Areas

Storm Lake

Buena Vista

IA

Sale

Commercial

2

Yes

16813

234

1972

50588

17522

LISTED BY

Real Estate Specialists, Steven Brashears (712.732.7594) & Other, Other Other (712.255.8810)

PROPERTY LOCATION

MORTGAGE CALCULATOR


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Rachel Carlson - REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Rachel Carlson

REALTOR/OWNER, Pricing Strategy Advisor (PSA)

Ask About this Property #824219

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