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Listed by Jeffery Ports • United Country / Deer Creek Re
$ 169,000
Est. payment /mo
Active
501 N State ST Iola, KS 66749
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2635205
Year Built 1972
Annual Tax Amount $6,943
Lot Size 0.275 Acres
Acres 0.2754821
Lot Dimensions 100 x 120
Property Sub-Type Office
Source hmls
Property Description
Great Commercial Investment property opportunity in Iola, Kansas. This 4,224 square foot office property is located on State Street in just a few blocks South from Walmart. Selling at only $40 per square foot the property is a real bargain with locked in income from an existing lease with TFI Family Services. The lease runs for two more years and then the tenant has two, one-year options, with 3% increases each year. Tenant pays for mowing and minor HVAC and plumbing repairs so very little landlord responsibility or expense.
Location
State KS
County Allen
Zoning B1
Interior
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Building
Story 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOLS
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