915 Centrum Plaza

    Decorah, IA 52101
    • $41,600
    • STATUS: Active
    • ON SITE: 868 days
    • MLS #: 20162589
    UPDATED: 239 min ago
    $41,600
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,400
      SQFT
    • $7
      $/SQFT
    Type:
    Commercial-Lease
    Built:
    1986
    County:
    Area:

    School Ratings & Info

    Description

    Retail area with 6,400 sq ft of clear-span space with restrooms at rear area along with a custom shower bay and privacy dressing room area. Rental price for the NET- (Fixed cost ) can be locked into a long term contract and is currently quoted at $ 6.50 / Sq Ft. Variable costs are also paid by tenant (Triples) are on a year to year variable depending on what the actual costs for Taxes - Insurance - Exterior upkeep of grounds come in at. Right now for 2018 fiscal year the Triples are at $ 2.73 / Sq Ft. There is an elevated office bay at rear with One-Way viewing window for a supervisor / management observation, side offices for private meeting rooms, Separate Men's and Women's 1/2 baths. This area can be kept as a pair of Bays each having 3,200 sq ft or it can be opened up to expose and harness the the full open area of 6,400 sq ft if you need it all for retail display areas. This Centrum Plaza has V Nails & Spa right next to Christopher Banks at the other side of this complex. Great Dragon has been a successful restaurant in this plaza and the Goodwill Industries has a strong branding for their location here in Decorah. Ample parking area is provided for clients and patrons, Easy access from Hwy 9 at the Short St turn-off. Bay has a delivery access door at the rear with a rear service road for deliveries during retail hours. This area of Decorah south of Hwy 9 has been adding in retail areas and services, has a strong draw and presence to attract a wide range of shoppers. Now Open, FairField Inn & Suites along with the Hotel Winneshiek are offering a wide range of lodging and conference options to make Decorah a destination point for groups. Another bike trail is being planned out and ideas presented on how to connect up the current 11 mile loop into the 22 mile Prairie Farmer Bike trail system that connects from Calmar to Cresco IA. We have a 5 year tax abatement incentive inside Decorah right now that is promoting housing renovations and new construction, up to $ 400,000 of improvements / construction would be abated for 5 years from the assessed value of the property.

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    Listing information © 2018 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2018-09-24T23:53:40.037.
    www.cedarvalleyhomesforsale.com/homes/62476518

    915 Centrum Plaza Decorah, IA 52101

    • Price: $41,600
    • Status: Active
    • Updated: 239 min ago
    • MLS #: 20162589
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,400
    SQFT
    $7
    $/SQFT
    1986
    Built
    Neighborhood:
    Noddle Companies Centrum Plaza
    County:
    Winneshiek
    Area:
    Winneshiek
    Property Description
    Retail area with 6,400 sq ft of clear-span space with restrooms at rear area along with a custom shower bay and privacy dressing room area. Rental price for the NET- (Fixed cost ) can be locked into a long term contract and is currently quoted at $ 6.50 / Sq Ft. Variable costs are also paid by tenant (Triples) are on a year to year variable depending on what the actual costs for Taxes - Insurance - Exterior upkeep of grounds come in at. Right now for 2018 fiscal year the Triples are at $ 2.73 / Sq Ft. There is an elevated office bay at rear with One-Way viewing window for a supervisor / management observation, side offices for private meeting rooms, Separate Men's and Women's 1/2 baths. This area can be kept as a pair of Bays each having 3,200 sq ft or it can be opened up to expose and harness the the full open area of 6,400 sq ft if you need it all for retail display areas. This Centrum Plaza has V Nails & Spa right next to Christopher Banks at the other side of this complex. Great Dragon has been a successful restaurant in this plaza and the Goodwill Industries has a strong branding for their location here in Decorah. Ample parking area is provided for clients and patrons, Easy access from Hwy 9 at the Short St turn-off. Bay has a delivery access door at the rear with a rear service road for deliveries during retail hours. This area of Decorah south of Hwy 9 has been adding in retail areas and services, has a strong draw and presence to attract a wide range of shoppers. Now Open, FairField Inn & Suites along with the Hotel Winneshiek are offering a wide range of lodging and conference options to make Decorah a destination point for groups. Another bike trail is being planned out and ideas presented on how to connect up the current 11 mile loop into the 22 mile Prairie Farmer Bike trail system that connects from Calmar to Cresco IA. We have a 5 year tax abatement incentive inside Decorah right now that is promoting housing renovations and new construction, up to $ 400,000 of improvements / construction would be abated for 5 years from the assessed value of the property.
    Exterior Features

    Building Description Multi-Tenant1 Story Dock Doors 0 Exterior Finish Glass Frontage Access Frontage Road Location Strip Center

    Interior Features

    Common Area Yes Floor Construction Concrete Sprinkler No Sq Ft Total Available 6400 Wall Construction Block

    Property Features

    Agent Owned No Amenities Cable Commercial Type Retail Flood No For Lease Yes For Sale No Gross Income Is Projected Gross Taxes 1.13 Investment No Lease Terms 5 YearsOver 5 Years Lease Type Modified Miscellaneous Close To Shopping Multitenant Yes Options Other Options Ownership Corporation Possession Immediate Potential Use OfficeRetailOther Potential Uses Price Type Gross Region Outside The Metro Area Sale Lease Includes LandBuilding Sale Type Lease Sewer City Sewer Tax Incentive In City Limit Tax Year 2014 Tenant Pays Water/Sewer Utilities On Site ElectricGasWaterSewerPhone Zoning C

    Listing provided courtesy of William Stoen of Cedar Valley Iowa Realty - Decorah.
    Listing information © 2018 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2018-09-24T23:53:40.037.
     
    Amy Wienands Real Estate
    1730 W. Ridgeway Avenue
    Waterloo IA, 50701