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718 5TH ST Durant, IA 52747
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Key Details
Sold Price $218,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,736 sqft
Price per Sqft $79
MLS Listing ID QC4262531
Sold Date 06/10/25
Year Built 1973
Annual Tax Amount $4,326
Tax Year 2023
Lot Size 0.270 Acres
Acres 0.27
Property Sub-Type Commercial
Source rmlsa
Property Description
Mercy One/Genesis signed a five (5) year lease with an annual rental rate of $30,096.00 per year. Rent bump in year 3. Net lease with landlord responsible for roof and structure. 12% cap rate at asking price. Lease commences May 1st, 2025
Location
State IA
County Cedar
Area Qcara Area
Zoning C-1
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet, Concrete
Fireplace N
Exterior
View true
Roof Type Asphalt,Flat
Garage 1
Building
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Frame
Others
Tax ID 04001636100090
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