For Sale
$750,000

1850 Commercial Dr Walford, IA 52351

14,472 SF Warehouse, Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional industrial property, located at 1850 Commercial Dr, Walford, IA 52351, presents a unique investment opportunity. The property consists of two buildings totaling 14,472 square feet on a 1.16-acre lot, zoned M-1 (Restricted Industrial). Building #1, spanning 5,704 square feet, boasts 4,864 square feet of heated shop space, four overhead doors (measuring 16'x16' and 14'x14'), retail/showroom space, and an 840-square-foot mezzanine with a breakroom, kitchenette, and restroom. Building #2 encompasses 9,608 square feet and houses twenty self-storage units, equipped with 12'x14' and 9'x7' overhead doors. Larger storage units include electricity. The property features outdoor storage, is fully fenced and gated, and offers significant rental income potential from the self-storage units. Built in 2009, this single-story property is ideal for an owner-occupant seeking additional income or an investor looking for a strong return. The asking price is $750,000 ($51.82/sq ft). Possession date is negotiable. This property is conveniently located minutes from Cedar Rapids. The Linn County APN is 20302-02014-00000.

Highlights

  • M-1 Restricted Industrial Zoning.
  • 20 On-site Self-Storage Units Offer Strong Rental Income Potential.
  • Building 1 Includes Four (4) Overhead Doors (16'x16' and 14'x14').

Property Details for 1850 Commercial Dr

Property type
Warehouses, Retail properties
Square Feet
14,472 SF
Year Built
2009
Buildings
2
Stories
1
Lot Size (sq. ft)
50,530 SF

Location Insight

City
Walford
County
Linn
State
Iowa
Latitude
41.890377175816
Longitude
-91.824632852064

FAQs

What type of property is this?
Warehouse - 14,472 SF Warehouse, Income Potential
Where is the warehouse located?
The property is located at 1850 Commercial Dr Walford, IA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: M-1 Restricted Industrial Zoning.; 20 On-site Self-Storage Units Offer Strong Rental Income Potential.; Building 1 Includes Four (4) Overhead Doors (16'x16' and 14'x14').
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1850 Commercial Dr
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