210 N Main Street
Property Information
| Price: | $425,000 | |
| MLS: | 65899 | |
| Address: | 210 N Main Street, Clarion |
Description of 210 N Main Street, Clarion
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 $425,000 price/$37,800 NOI shows around 8.9% ROI
More Info for 210 N Main Street, Clarion
| Property Details - Commercial | ||
| Style: | Commercial | |
| Lot Area: | 0.11 Acres | |
| Net Taxes: | $2,280.00 | |
| Gross Taxes: | $2,280.00 | |
| Total Units: | 0 | |
| Garage: | 0 | |
| Roof: | Rubber | |
Courtesy of RE/MAX REAL ESTATE CENTER