$97,500 300 1st St. East Independence, IA

MLS: 20154415   Type: Commercial   County: Buchanan   City: Independence   Area: Buchanan   Zip: 50644   Style: 2 Story     Stories: 2   Taxes: $2,178

Mortgage $458 /mo



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OFFER PENDING SUBJECT TO SALE WITH 72 HOUR CLAUSE. For over 50 years this historic brick building housed The Majestic, a fixture in the heart of downtown Independence. Located on Main Street’s busiest intersection with 9,700 cars passing by daily. Additional income provided by 3-one bedroom apartments upstairs. Each rents for $275/month with tenants paying their own utilities. Stoves and refrigerators are owned by the landlord. Recent updates to this historic brick building include interior and bath remodel approx. 4 years ago, new central air 3 years ago and newer rubber roof. There is an elevator between basement and main floor. Owners will consider leasing the main floor.

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Price History

6/27/2018 Listed $97,500

Flood Insurance No
Listing Status Active
Zoning C-1

Interior Features

Available Office Sqft 0
Available Retail Sqft 1748
Avl Mnf/warehouse Sf 0
Common Area No
Cooling Central, Partial
Heating Forced Air, Gas
Total Bldg Sqft 3496

Exterior Features

# of Drive-In Doors 0
Approx Lot Size (sqft) 2200
Building Description 2 Story
Dock Doors 0
Exterior Finish Brick
Frontage/Access City Street
Lot Size Area 0.051
Rail Doors 0
Roof Construction Membrane
Sprinkler? No
Tiered Sliding No
Total Available Sqft 3496
Wall Construction Brick

Property Schools

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Gallery (17 photos)

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Property vs Zip Code Avg (50644)

Price 97K Avg 113K

Sqr Feet 3,496 Avg 3,112

Cost / Sqr Ft $28 Avg $36

Taxes $2,178 Avg $2,691

Acres 0.051 Avg 0.31

Visits 2 Avg 62

Days on Site 1,112 Avg 652

Walkscore® 67 Avg 61

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Listing Provided Courtesy Of: Curt Martin with RE/MAX Independence Realty

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Location & Address

Oakridge Realtors: Licensed in Iowa
3313 Terrace Drive
Cedar Falls, IA