930 Us Highway 18Garner, IA 50438

Property Details for 930 Us Highway 18

Year built

2005

Lot size

1.85 AC

Property size (Sq ft)

2,200 SF

Property type

Retail space

APN

2150300022

APU

2150300022

Description

This exceptional commercial property presents a remarkable investment opportunity in Garner, Iowa. Strategically located on a high-traffic corner at the intersection of US Highway 18 and US Highway 69, this property boasts outstanding visibility and exceptional access. The main building, constructed in 2005 and totaling 2,220 square feet, offers a versatile layout previously used as a pharmacy. Features include durable brick and steel exterior siding, two private offices, a convenient break room, an ADA-compliant bathroom, a dedicated furnace room, and a spacious open front area ideal for customer interaction. The building is equipped with both in-floor radiant heat and forced air/central air conditioning systems, ensuring year-round comfort. A significant advantage is the presence of a covered drive-through, adding convenience for customers. In 2006, a substantial 36 x 50 metal building was added to the north side of the paved parking lot, featuring three overhead doors and a concrete floor. This secondary structure provides ample space for storage, workshop use, or potential lease income. The expansive 1.85-acre lot provides ample parking and room for expansion. The property's versatility makes it suitable for a wide range of commercial uses, presenting a unique opportunity for entrepreneurs and investors alike. This prime location and adaptable space offer a compelling combination for immediate success.

• CAP approach

  CAP return

  Valuation

  6%

  $532,352

  6.5%

  $491,402

  7%

  $456,302

• Comparable approach

  Method

  Valuation

  Relative Method

  $282,966

  Geo Method

  $282,966

• Alternative Use

  Use

  Valuation

  Residential

  $414,516

  Hospitality

  $379,694

  Educational

  $315,901

  Medical

  $326,766

  Retail

  $491,402

Location Insight

City

Garner

County

Hancock

State

Iowa

Latitude

43.1061

Longitude

-93.6157

Property Tax & Assessments

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