For Sale
$629,000

101 Mclane St Osceola, IA 50213

Fully Leased, 5,100 SF Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a fully leased, 1-story, 5,100 square foot office building located at 101 E McLane St, Osceola, IA 50213. The property, built in 2007, sits on a 0.3-acre lot and is classified as a Class B building. Currently boasting 100% occupancy with five tenants, including the US Government, Unity Point, Children and Families of Iowa, H&R Block, and ASI Audiology, this multi-tenant property offers significant value. All tenant spaces have recently undergone updates and rehabilitation, and the building features new high-speed internet (added in 2018), new HVAC/mechanical systems, updated plumbing, and recently completed structural repairs. The asking price is $629,000, translating to $123.33 per square foot. This presents a strong value-add opportunity through the potential for longer-term leases and rent increases, given that current rents are below market value. The property's prime location in Osceola, Clarke County, Iowa, ensures strong tenant demand and long-term stability. This is an ideal investment for those seeking a stable, high-occupancy commercial property with significant upside potential.

Highlights

  • $629,000 asking price for a 5,100 square foot office building.
  • Located at 101 E McLane St, Osceola, IA 50213.
  • Class B, single-story building constructed in 2007, situated on a 0.3-acre lot.
  • Fully occupied (100%) with five tenants, including government and healthcare entities.
  • Features recently updated spaces, new high-speed internet, and updated HVAC/mechanical systems.

Property Details for 101 Mclane St

Property type
Office properties, Investment properties
Square Feet
5,100 SF
Class
B
Year Built
2007
Stories
1
Lot Size (sq. ft)
13,068 SF
Units
5

Location Insight

City
Osceola
County
Clarke
State
Iowa
Latitude
41.030767
Longitude
-93.765161

FAQs

What type of property is this?
Office property - Fully Leased, 5,100 SF Office Complex
Where is the office property located?
The property is located at 101 Mclane St Osceola, IA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: $629,000 asking price for a 5,100 square foot office building.; Located at 101 E McLane St, Osceola, IA 50213.; Class B, single-story building constructed in 2007, situated on a 0.3-acre lot.
How can I contact the broker?
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101 Mclane St
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