50588, IA Storm Lake, 121 5th St. E

Discover homes for Sale in 50588 in Storm Lake, IA using Real Estate MLS # 824219.

$399,500

  • N/A
  • N/A
  • 16813
  • Active
Price Decreased

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
Status: Active

Property Information

824219

$399,500

121 E 5th St.

Surrounding Areas/Other Areas

Storm Lake

Buena Vista

IA

Sale

Commercial

2

Yes

16813

199

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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This Commercial residence on 121 5th St. E (MLS # 824219) is categorized as Commercial Homes for Sale in Storm Lake, IA. Available on SarahGalles.com, this Commercial property is priced at $399,500 and offers N/A bedrooms, 16813 sqft, and N/A bathrooms. Built in 1972, this property on 121 5th St. E provides a unique opportunity for buyers. For detailed market statistics and community insights on 121 5th St. E and other properties in Storm Lake, contact RE/MAX Lakes Realty, the premier real estate agency in Iowa Great Lakes. Our team is dedicated to helping you explore residential options in and around Storm Lake, IA.
Sarah Galles - Residential, acreage, land

Sarah Galles

Residential, acreage, land

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