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True Value 203 S Madison St 19,200 SF Industrial Building Prairie City, IA 50228 $726,863 CAD ($37.86 CAD/SF) 8.77% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Wide Open Space
  • Radiant Heat

EXECUTIVE SUMMARY

Fully leased building with long term tenant along with two undeveloped commercial lots giving you ample expansion room to further your investment opportunities.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $726,863 CAD
Price Per SF $37.86 CAD
Sale Type Investment
Cap Rate 8.77%
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
  • Industrial Service
  • Flex Telecom Hotel Data Hosting
Building Class C
Lot Size 0.79 AC
Rentable Building Area 19,200 SF
No. Stories 1
Year Built/Renovated 1973/2020
Tenancy Single
Parking Ratio 1.04/1,000 SF
Clear Ceiling Height 12’
No. Drive In / Grade-Level Doors 1
Zoning Industrial - The I-1 District (Industrial District) is intended and designed to provide for the location of certain manufacturing and industrial uses

AMENITIES

  • Storage Space
  • Fiber Optic Internet

UTILITIES

  • Water - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-02-209-001
Land Assessment
$60,325 CAD (2025)
Improvements Assessment
$227,874 CAD (2025)
Total Assessment
$288,198 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 36376530

  • Date on Market: 2025-06-24

  • Last Updated:

  • Address: 203 S Madison St, Prairie City, IA 50228

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