115 E Washington 7,920 SF 100% Leased Office Building Winterset, IA 50273 $1,068,337 CAD ($134.89 CAD/SF) 7.40% Cap Rate

Excellent opportunity to own a commercial investment property in the wonderful community of Winterset. The property is fully leased with three retail tenants. It features strong annual revenue and a healthy capitalization rate. The building itself is in great condition and features a large parking lot, exterior safety/security lighting, ADA access, and modern signage. High traffic and visibility. The building is located across the street from the John Wayne Birthplace & Museum and also one block from the historic town square, rich in history, tourism, and a vibrant local business community. Winterset is widely known for its historic covered bridges, the birthplace of John Wayne, scenic byways, and holiday festivals. Winterset is the county seat of Madison County. Madison County tourism has earned a number of accolades and awards. City of Winterset population: 5,421. Madison County population: 17,161. Winterset median household income: $72,822. Majority of households in town are between $75,000-$100,000. Madison County median household income: $89,542. Please ask the listing agent for P&L statements All information obtained from seller and public records.
The current owner is located in Des Moines and is wanting to keep his investment properties closer to home. Each tenant is on a separate water meter. Showings by appointment only and at least 24 hours notice is needed to coordinate with tenants. Please call Jeff at 319-430-5523 to schedule a time.