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1914 E Hwy 18, Algona, IA 50511

$895,000
  • 1914 E Hwy 18, Algona, IA 50511 Main Photo

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Active
MLS#6339808
STATUS PROPERTY TYPECommercial - Retail

Property Description

Exceptional income-producing commercial plaza offering a rare investment opportunity with strong cash flow and long-term growth potential. This well-maintained property is currently operating near full occupancy, with 8 established tenant spaces leased under varying lease terms, providing immediate and diversified rental income. The plaza features a strong tenant mix and consistent occupancy history, making it an attractive addition to any investment portfolio. In addition to the occupied units, 3 smaller commercial suites are currently available for lease, presenting an excellent opportunity for increased revenue and future value enhancement. Property Highlights: ? High-occupancy commercial investment property ? 8 leased units generating steady income ? 3 available suites offering upside potential ? Diverse tenant base with staggered lease expirations ? Strong rental history and established business location ? Excellent visibility and accessibility ? Ample parking for tenants and customers ? Attractive return on investment with future income growth opportunities Whether you're seeking a stable cash-flowing asset or a property with additional leasing upside, this commercial plaza delivers both immediate returns and long-term investment potential. Contact us today for financial information, lease details, and a private tour.

1914 E Hwy 18 | MLS# 6339808

This commercial property located at 1914 E Hwy 18, Algona, IA 50511 is currently listed for sale with an asking price of $895,000. Search Algona real estate on www.merchantofmo.com today.

Property Features

Property Type: Commercial - Retail
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Retail
Lot Size: 51,000
Taxes: $27,817
Year Built: 2003

Feature Descriptions

Accessibility Features: No Stairs Internal
Current Use: Beauty/Barber Shop, Business, Commercial, Office, Retail
Days on Site: 15
Exterior: Brick
Lot Dimensions: 51000
Parcel #: 22-01-207-003
Parking: Concrete, Additional Parking
Possible Use: Office, Retail, Other
Sewer: City Sewer/Connected
SQFT Building Finished: 18038
Units: 8
Utilities: Electric Common, Heating Common, Hot Water Common
Water: Public

Listed By / Shown

Listed By

Agency Name: EXIT Realty Home/Land Properties
Agency Phone: 515-295-7577

Shown By

Agent Name: The Merchant Team
Agent Phone:
Agency Title: Trophy Properties & Auction

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