$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

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

0

0

0

3,496

2,178

1880

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.

Elementary School

Middle School

High School

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Price History

7/3/2015 Listed $157,500
10/29/2015 12% - $140,000
5/10/2016 15% - $120,000
11/2/2016 9% - $110,000
4/10/2017 10% - $100,000
10/10/2017 3% - $97,500

Flood Insurance No
Listing Status Active
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



Direct Link:

http://www.searchthecedarvalley.com/property/142-20154415-300-1st-St-East-Independence-IA-50644

Gallery (17 photos)

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Property vs Zip Code Avg (50644)

Price 97K Avg 113K

Sqr Feet 3,496 Avg 3,139

Cost / Sqr Ft $28 Avg $36

Taxes $2,178 Avg $3,060

Acres 0.05 Avg 0.28

Visits 190 Avg 73

Days on Site 965 Avg 451

Walkscore® 67 Avg 60

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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
319-238-6560
319-277-5005