IA > Clarion
Clarion, IA 50525,210 N Main ST
Clarion, IA 50525,210 N Main ST
Clarion, IA 50525,210 N Main ST
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$325,000
Est. payment /mo
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2,356 SqFt
Price Dropped by $25K

210 N Main ST Clarion, IA 50525

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Marc Olson

Marc Olson

RE/MAX Concepts

+1(515) 291-7900

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,356 sqft

Price per Sqft $137

MLS Listing ID 65899

Originating Board Central Iowa Board of REALTORS®

Year Built 1900

Annual Tax Amount $2,280

Property Sub-Type Commercial

Property Description

This commercial property is home to Thrifty White Pharmacy a very strong, regional chain w/ 91 stores. Clarion is county seat for Wright county, pop. 12,644. Thrifty has Leased since 2018, current lease through March,2028 with a recent extension until March, 2031. Tenant pays property taxes and repairs up to $400. Tenants have put nearly $100,000 recent upgrades including new roof in 2018, repaired the back wall, electrical updated in 2021, new a/c unit in 2023, new back doors and garage door in 2024.
Income:
Commercial 3400 sq/ft + 450sq/ft cold storage = $2,475/ mo
Apartments: 2 units each unit approx. 1,200 sq/ft = $1,225/mo.
Gross Rents: $44,400/yr.
Expense:
Insurance $2,400/yr
Mgt fee $2,200/yr
Maintenance $2,000/yr
Total $6,600/yr
Net $37,800/yr
Based on $350,000 price/$37,800 NOI shows around 11percent ROI

Location

State IA

County Wright

Zoning Commercial

Body of Water Public

Interior

Heating Forced Air, Natural Gas

Cooling Window Unit(s), Central Air

Flooring Parquet, Carpet

Exterior

Roof Type Rubber

Street Surface Hard Surface

Building

Story 3

Foundation Brick/Mortar

Water Public

Structure Type Wood,Masonry/Concrete,Combination

Listed by RE/MAX REAL ESTATE CENTER

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agent

Marc Olson

Broker/Owner

+1(515) 291-7900

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210 N Main ST

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