609 Taylor StCreston, IA 50801

Property Details for 609 Taylor St

Year built

1950

Construction

FRAME

Lot size

0.46 AC

Property size (Sq ft)

5,483 SF

Property type

Retail space

APN

512327002

APU

512327002

Description

This exceptional investment opportunity presents a 5,483 square foot, multi-tenant retail storefront located at 609 W. Taylor Street in Creston, Iowa. The property, built in 1950 and renovated in 1971, sits on a 0.46-acre lot and boasts 100% occupancy with a strong, long-term lease in place with NuCara Home Medical. This Class C building offers a compelling net lease investment structure (NNN) with a current cap rate of 12.56%. The asking price is $295,000. Strategically positioned along Highway 34, within Creston's main commercial corridor, the property benefits from high visibility and significant daily traffic. The property features ample off-street parking, adding to its convenience and appeal. This is an owner/user investment opportunity with two tenants. The building's prime location and strong tenant occupancy make it an attractive investment for those seeking a stable, high-return property in a thriving Iowa market. The property's size and layout offer flexibility for potential future expansion or adaptation to changing market demands. This is a rare opportunity to acquire a well-established, income-producing retail property in a desirable location. The property's solid financial performance and potential for future growth make it an ideal addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,412,128

  6.5%

  $1,303,503

  7%

  $1,210,396

• Comparable approach

  Method

  Valuation

  Relative Method

  $705,228

  Geo Method

  $705,228

• Alternative Use

  Use

  Valuation

  Residential

  $1,099,554

  Hospitality

  $1,007,185

  Educational

  $837,966

  Medical

  $866,785

  Retail

  $1,303,503

Location Insight

City

Creston

County

Union

State

Iowa

Latitude

41.0495

Longitude

-94.3684

Property Tax & Assessments

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