$325,000

210 N Main Street , Clarion, IA 50525

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Lease:2,356 sqft
Lot:0.11
Year Built:1900
Listing Status:Active

Listing Agent

Mark Greenfield
http://www.markgreenfield.com
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We cannot obtain a street view for this location. Please See Google Maps for any possible street views and other mapping views.
Loan Amount:
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Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

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

Detailed Items

Other Information

210 N Main Street, Clarion, IA, 50525 is a commercial lease listing of 2,356 sqft on a lot of 0.11. This commercial lease listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property210 N Main Street, Clarion, IA
Copyright © 2025 Central Iowa Board of Realtors, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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