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210 N Main Street

Clarion, IA 50525 Active

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

Listed by: MLS Reciprocity
Courtesy of RE/MAX REAL ESTATE CENTER

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