121 5th St. E, Storm Lake, IA 50588
Storm Lake, IA Homes for Sale in 50588 and Real Estate MLS # 824219
$399,500
- N/A
- N/A
- 16813
- Active
General Description
This Quality Commercial building features 13,644 sq.ft. of office area plus a finished basement with an additional 3,196 sq.ft. This property has been a fixture in this community since 1972. The main floor includes 10 offices, 2 restrooms, and a large lobby/ work station area. On the second floor there are 7 additional offices, a large conference room, a kitchen area, 4 restrooms, and a large work station area. The finished basement includes a kitchen area, work station area, 1 office, a restroom, and mechanical/storage rooms. There is a deed restriction preventing the property from being used for any banking or insurance purposes. This property could be converted to apartments or condos and the state of Iowa has had Grants and Tax credit programs available to offset the cost. Gross Real Estate Taxes shown in listing are based on the 2022 assessed value of $887,480. The 2023 assessed value of this property is $545,340! Also included with this property is the concrete parking lot to the north of the building.Legal: 06-15 STORM LAKE CORP HAYES LOTS 6-12
Property Information
824219
$399,500
121 E 5th St.
Surrounding Areas/Other Areas
Storm Lake
Buena Vista
IA
Sale
Commercial
2
Yes
16813
236
1972
50588
17522
LISTED BY
Real Estate Specialists, Steven Brashears (712.732.7594) & Other, Other Other (712.255.8810)
PROPERTY LOCATION
MORTGAGE CALCULATOR
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RE/MAX Experience
Licensed In Iowa, South Dakota, and Nebraska. Each Office Independently Owned and Operated.
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