16 5th Ave NW, LeMars, IA
Retail for Sale - $1,500,000 - 16,539 Sq. Ft. on 1.24 acres
Property Info
| CIMLS# | 1000278 |
| Location 16 5th Ave NW LeMars IA 51031 | |
| Updated | March 22nd, 2019 |
| Type | Retail |
| Price | $1,500,000 |
| Building | 16,539 Sq. Ft. |
| Land | 1.24 acres |
Property Description
Retail strip center in Le Mars, IA. The 16,859 sq. ft. building is broken into 4 units that are currently occupied by Verizon Wireless, Avera Home Medical Equipment, The Education Station, and Jim's Burger. The property is currently operating at an 7.9% cap with lease rates below market value. All leases are triple net. Rent roll and Profit & Loss are available upon request from qualified Buyer.