210 N Main Street , Clarion, IA 50525
Clarion, IA 50525
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/yrMgt fee $2,200/yrMaintenance $2,000/yrTotal $6,600/yrNet $37,800/yr Based on $350,000 price/$37,800 NOI shows around 11percent ROI
Details
| MLS# | 65899 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 182 |
| Listing Provided By | RE/MAX REAL ESTATE CENTER | Mark Greenfield |
Features
| Units | 3 |
|---|---|
| Zoning | Commercial |
| Acreage | 0.11 |
Market Activity 50525
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Learn More About This Property
| State | IA |
|---|---|
| County | Wright |
| City | Clarion |
| Zip Code | 50525 |
| Area | Clarion |
| Listing VS Median (In 50525) | |
Price: $350,000 low | high Med: $0 On site: 182 low | high Med: | |
