Austin Maas
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
INVESTORS-THIS ONE DESERVES YOUR ATTENTION! Located on Main St in Anita, this unique commercial property offers an income-producing storage business with additional space and significant potential for future development. The lower level has been transformed into climate-controlled storage, featuring 51 individual storage units ranging in size from approximately 3x9 up to 9x10. All storage units were installed by the current owner since 2024, creating a modern, well-planned storage operation. Tenants enjoy 24-hour key-fob access, adding convenience to an income-producing business. Since 2024, the property has seen two new commercial HVAC units installed, new electrical, security cameras, and tuck-pointing completed on all sides of the building. These improvements provide added value/peace of mind for the next owner. The upper level offers a unique opportunity to unlock even more potential. Formerly a Masonic Lodge, this expansive space includes two rooms that could easily be converted into apartments, a large common area that was once used as a ballroom, a spacious dining area, and a smaller area that previously served as a kitchen. The possibilities are plentiful, additional rental units, event space, office space, or another creative use could provide multiple avenues for future income and appreciation. Income-producing storage + a substantial upper level with redevelopment potential = an investment with options. The groundwork has been laid. Now bring your vision.
Property Highlights
Property Type: Commercial - Investment
Year Built: 1895
General Information
County: Cass
Subdivision: ORIGINAL TOWN - ANITA 700
Listed By:
Atlantic Home Realty
712-243-1300
No Coast MLS
MLS ID: 6342221
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735 Main Street, Anita, IA 50020.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $215,000 | $215,000 | $215,000 |
| Down Payment | $43,000 | $7,525 | $53,750 |
| Monthly Mortgage Amount | $1,087 | $1,334 | $1,350 |
| Taxes | $299 | $299 | $299 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $95 | $0 |
| Monthly Estimated Total | $1,486 | $1,828 | $1,749 |
Austin Maas
REALTOR®
Office: (563) 288-2997
Cell: (319) 325-0367
Licensed in IA
Muscatine Office
226 East 2nd Street
Muscatine, IA 52761
(563) 264-0240
Muscatine, IA 52761
(563) 264-0240
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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