Five1Five Realty

Hours

Our hours vary, but we are always available...
Just give us a call

Locations

Webster City and surrounding areas

1914 E 18 Highway, Algona IA, 50511

Property Details

Listing Price: $895,000
Type: Retail
Lot Size: 1.19 acres
MLS #: 6300723
Listing agent: Joseph Muller
jmuller@farmhomeservices.com
515-341-5404

Property Description

This property provides the opportunity to acquire a 17,910 SF retail center in Algona, Iowa, located on heavily traveled Hwy 18 E at a cap rate of 6% on In-Place income. The property is 82% leased with a diverse mix of occupants. Current vacancies and below market rents provide an investor upside over time to increase yield. The retail center is strategically located near a grocery store, upscale restaurant, hotel and auto parts store. Eastland Hill Plaza provides fortuity to purchase a multi-tenant retail center at far below replacement cost with concurrent benefit that accompanies lease up of vacant suites and moving low legacy rents to market.

Like what you see? Request Information or Showing


© 2024 National Association of Realtors Multiple Listing Service. All rights reserved.

IDX information is provided exclusively for consumers' personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All Information Is Deemed Reliable, But Is Not Guaranteed.

Last Updated February 22, 2024
MLS Logo