Property Description

Here is your chance to own a piece of downtown Fort Dodge. This building is in the path of improvement with Fort Dodges new master plan to revitalize the downtown area. This is a nice cash flow opportunity. Total Monthly Income: $5,600 Annual Gross Income: $67,200 Property Summary Mixed-use commercial building located on a main corridor in Downtown Fort Dodge Four income-producing units: • Main Floor Spa: $1,200/month o Salon Central: $2,000/month ? Nail Salon: $450/month o 1st Floor Office (Upper Des Moines): $1,950/month Potential Upside: Basement currently vacant, being marketed for $600/month lease Utilities: • First Floor (Upper Des Moines): Paid by tenant • Ground Floor tenants: Paid by landlord Avg Water: $100/month Avg Electric & Gas: $350/month Financial Snapshot Annual Gross Income: $67,200 Annual Operating Expenses: • Taxes: $8,296 • Insurance: $2,688 • Maintenance: $2,000 • Utilities (Water, Gas, Electric for Ground Floor): $5,400/year • Total Expenses: $18,384 NOI: $48,816 Key Highlights Fully stabilized tenant base (long-term leases in place) Turnkey investment with minimal landlord responsibility. Room for NOI growth with new basement lease Excellent downtown visibility and walkability New roof (2020) Will highly benefited by Fort Dodge Central River Master Plan 2025-2030

Features
: Forced Air
: City Sewer/Connected
Construction
Business
Other
708
On Street
6,534 Sqft
$8,296
Electric Separate,Heating Separate,Hot Water Common
$0
$0
Listing Office Info
6321348
27815
Ryerson Realty LLC
toddswalin@gmail.com
230393
Location
704 /706
Avenue
Central
US
IA
Webster
Fort Dodge
50501
W95° 49' 2.6''
N42° 30' 4''
0719436005
Across the street from Webster County Courthouse

Commercial Sale For Sale

704 /706 Central Avenue, Fort Dodge, Iowa 50501

0.15 Acre
Visits : 177 in 567 days
$365,000
Listing ID #6321348
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Price : $365,000
Status : Active
Days On Market : 308
Year Built : 1880
Lot Area : 0.15 Acre
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent

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