1112 Chatburn AveHarlan, IA 51537

  • Flex space
  • 2,880 SF
For Sale
$785,000 View listing

Property Details for 1112 Chatburn Ave

Year built
2012
Construction
FRAME
Lot size
2.18 AC
Property size (Sq ft)
2,880 SF
Property type
Flex space
APN
833150000024
APU
833150000024

Description

This exceptional Harlan, IA commercial property offers a unique investment opportunity. The main building, constructed in 1969 and totaling approximately 14,092 square feet, boasts ample parking to the south. Originally a grocery store, it was thoughtfully converted in 2002 to accommodate light industrial and office uses. The property features multiple natural gas-powered HVAC units ensuring climate control throughout the space. A significant addition enhances the property's versatility: a 2,880 square-foot metal shop built in 2012. This newer structure includes a convenient 9' wide x 10' high garage door and is equipped with an all-electric heat pump system. The property also benefits from a loading dock, added in 2020, streamlining logistics. The expansive 2.18-acre lot provides significant room for expansion or future development. The property's layout allows for the potential separation and sale of the main building and the metal shop, offering flexibility for the new owner. Note that possession is not available until May 2nd, 2025. Priced at $785,000, this property presents a compelling opportunity for a diverse range of commercial ventures.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $476,209
    Hospitality
    $436,205
    Educational
    $362,918
    Medical
    $375,399
    Retail
    $564,539

Location Insight

City
Harlan
County
Shelby
State
Iowa
Latitude
41.6461
Longitude
-95.3245

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,134
$77,250
$481,683
$558,933
-
$77,250
$481,683
$558,933

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