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Listed by Pamela Yegge EXIT Realty Home/Land Properties
$ 895,000
Est. payment /mo
Active
1914 E Hwy 18 Algona, IA 50511
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID NOC6339808
Style Retail
Year Built 2003
Annual Tax Amount $27,817
Tax Year 2026
Lot Dimensions 51000
Property Description
Exceptional income-producing commercial plaza offering a rare investment opportunity with strong cash flow and long-term growth potential. This well-maintained property is currently operating near full occupancy, with 8 established tenant spaces leased under varying lease terms, providing immediate and diversified rental income. The plaza features a strong tenant mix and consistent occupancy history, making it an attractive addition to any investment portfolio. In addition to the occupied units, 3 smaller commercial suites are currently available for lease, presenting an excellent opportunity for increased revenue and future value enhancement. Property Highlights: • High-occupancy commercial investment property • 8 leased units generating steady income • 3 available suites offering upside potential • Diverse tenant base with staggered lease expirations • Strong rental history and established business location • Excellent visibility and accessibility • Ample parking for tenants and customers • Attractive return on investment with future income growth opportunities Whether you're seeking a stable cash-flowing asset or a property with additional leasing upside, this commercial plaza delivers both immediate returns and long-term investment potential. Contact us today for financial information, lease details, and a private tour.
Location
State IA
County Kossuth
Direction GPS
Interior
Heating Forced Air
Exterior
Parking Features Concrete, Additional Parking
Utilities Available Electric Common, Heating Common, Hot Water Common
View Y/N true
Accessibility No Stairs Internal
Building
Sewer City Sewer/Connected
Water Public
Architectural Style Retail
Structure Type Brick
Schools
School District 126 - Algona
Others
Energy Description Natural Gas
Acceptable Financing NOC6339808
Listing Terms NOC6339808