405 Chestnut ST, Atlantic, IA 50022
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405 Chestnut ST, Atlantic, IA 50022
405 Chestnut ST, Atlantic, IA 50022
405 Chestnut ST, Atlantic, IA 50022
405 Chestnut ST, Atlantic, IA 50022
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Listed by Melissa Ihnen Meyer & Gross Real Estate Co
$ 99,900
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405 Chestnut ST Atlantic, IA 50022

2,517 SqFt


UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,517 sqft

Price per Sqft $39

Subdivision Original Town - Atlantic

MLS Listing ID NOC6341854

Style Mixed Use

Year Built 1895

Annual Tax Amount $1,260

Tax Year 2024

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 24.5x140

Property Description

Investment opportunity in the heart of historic downtown Atlantic! This well-maintained commercial building is an excellent addition to any investment portfolio, featuring a long-term tenant with a strong lease in place for immediate rental income. Located in an attractive and vibrant downtown district there is street parking in the front and 2-3 private parking spaces in back. Current lease runs through September 30, 2029. New roof on the rear addition in September 2026.

Location

State IA

County Cass

Direction Downtown on Chestnut Street.

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Central Air

Exterior

Parking Features Asphalt, On Street

Utilities Available Electric Common, Heating Common, Hot Water Common

View Y/N true

Roof Type Rubber

Accessibility No Stairs Internal, No Stairs External

Total Parking Spaces 2

Building

Sewer City Sewer/Connected

Water Public

Architectural Style Mixed Use

Structure Type Brick

Schools

School District 387 - Atlantic

Others

Energy Description Natural Gas

Acceptable Financing NOC6341854

Listing Terms NOC6341854


Alexis (Lexie) Carstens

Alexis (Lexie) Carstens

Agent

+1(563) 505-3009

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405 Chestnut ST