Property Listing No Longer Available for Sale

16 5th Ave NW, LeMars, IA

Retail for Sale - $1,500,000 - 16,539 Sq. Ft. on 1.24 acres

Property Info

CIMLS #1000278
Location16 5th Ave NW
LeMars IA 51031
Last UpdatedMarch 22nd, 2019
Building16,539 Sq. Ft.
Land1.24 acres
DemographicsView data

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.