116 E Court Avenue, Winterset, IA 50273

$875,000

PLEASE NOTE: This listing includes both 112 E. Court Ave. and 116 E. Court Ave. The MLS requires each property to be listed individually. The list price for both properties together is $875,000. PLEASE SEE AGENT REMARKS FOR LINK TO MARKETING FLYER. Excellent opportunity to own a commercial investment property in the wonderful community of Winterset. The property is leased with three commercial tenants on the first floor and four residential apartments on the second floor. It features strong annual revenue and a healthy capitalization rate. High traffic and visibility. The properties include a one-story warehouse on the back (south) side of the buildings. This area has been used for storage. The building is located across the street from the historic town square, rich in history, tourism, and a vibrant local business community. Winterset is widely known for its historic covered bridges, the birthplace of John Wayne, scenic byways, and holiday festivals. Winterset is the county seat of Madison County. Madison County tourism has earned a number of accolades and awards. City of Winterset population: 5,421. Madison County population: 17,161. Winterset median household income: $72,822. Majority of households in town are between $75,000-$100,000. Madison County median household income: $89,542. Please ask the listing agent for P&L statements. All information obtained from seller and public records

Legal: LOT 2 & E 6" LOT 3 EX E 19'N 80' LOT 2 BLK 25 EX W 4' OF N 32.6' BLK 25 ORIG