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401-509 1st Ave

29,633 SF 94% Leased Retail Building Perry, IA 50220 $2,000,000 ($67/SF)

Investment Highlights

  • Six Tenant Retail Mix
  • Located 25 miles northwest of Des Moines
  • Strong NOI when fully leased
  • Strong anchor tenant with a low cost per square foot

Executive Summary

This retail center is conveniently located in the city of Perry off of Hwy 144 & Hwy 141. This is a great location that has easy access and many retail shops including Orscheln Farm and Home store. Former outlot of this property is now a new Kwik Star location with a car wash.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
29,633 SF
Building Class
C
Year Built
1976
Price
$2,000,000
Price Per SF
$67
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Land Acres
7.00 AC
Opportunity Zone
Yes
Zoning
C
Parking
347 Spaces (8.37 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 501
  • 1,900 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
501 1,900 SF Retail - Now

501

Size
1,900 SF
Space Use
Retail
Position
-
Available
Now

501

Size 1,900 SF
Space Use Retail
Position -
Available Now

  • Listing ID: 26713545

  • Date on Market: 9/26/2022

  • Last Updated:

  • Address: 401-509 1st Ave, Perry, IA 50220

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