109 Adams St SE

Investment Highlights

Totally flexible spaces, open office space currently, can serve a wide variety of businesses

Executive Summary

Steel commercial 1-story building with over 18,000 SF conveniently located off 1st Ave in Cascade, Iowa. Currently 5 of 6 units are leased. New rubber roof in 2022, all-new electric service and mostly new wiring throughout building. 4 meter bank, 400 amp electrical service with separate utilities. 1 vacant unit with 2200 SF of office space featuring 7 individual offices, a conference room, kitchenette and bathroom. Large 4500 SF shop/warehouse space with office and bathroom and large overhead door. 3 different retail units with various levels of build out. Current tenants offer hair salon, nutrition store, gym/dance space, and large commercial kitchen and retail dine-in bakery space and storage, and machine shop. 4-5 bathrooms, approximately 57 parking spaces in parking lot, low-maintenance exterior and great access to Highway 151 corridor, 30 minutes from Dubuque and 50 minutes to Cedar Rapids.

• Sale Type    Investment or Owner User
• Property Type    Office Office Flex Light Manufacturing General Retail Restaurant Office
• Building Size    18,656
• Building Class    C
• Year Built/Renovated    1975/2010
• Price    375,000
• Price Per SF    20
• Cap Rate    7.45
• NOI    27,930
• Percent Leased    4
• Building Height    1 Story
• Typical Floor Size    18,656
• Building FAR    0.49
• Land Acres    0.88 AC

• Central Heating
• Air Conditioning