310 Zeller StNorth Liberty, IA 52317

Property Details for 310 Zeller St

Year built

1966

Construction

STEEL FRAME

Lot size

0.79 AC

Property size (Sq ft)

5,976 SF

Property type

Office buildings

APN

612451011

APU

612451011

Description

This 5,976-square-foot flex space building in North Liberty, Iowa, presents a unique investment opportunity. Located at 310 W Zeller St, 52317, this single-story, 1966-built structure sits on a 0.79-acre lot and is zoned for industrial use. The building features a blend of office and warehouse space, with 8-foot ceilings in the office area and 16-foot ceilings in the warehouse. Parking is ample, with 12 spaces available. The property includes a private two-stall garage and a 100 kW generator, adding significant value. While three-phase electrical service is available at the pole, it's not currently connected to the building; however, connection is easily achievable. Situated near a major bike trail, this location is ideal for businesses seeking a blend of accessibility and a desirable location within one of Eastern Iowa's fastest-growing cities. The city is open to working with buyers on potential repurposing of the property. This property offers a versatile space with significant potential for a variety of uses. The building consists of one unit.

• CAP approach

  CAP return

  Valuation

  6%

  $1,598,828

  6.5%

  $1,475,841

  7%

  $1,370,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $465,889

  Geo Method

  $465,889

• Alternative Use

  Use

  Valuation

  Residential

  $1,830,043

  Hospitality

  $1,676,310

  Educational

  $1,394,670

  Medical

  $1,442,635

  Retail

  $2,169,486

Location Insight

City

North Liberty

County

Johnson

State

Iowa

Latitude

41.7453

Longitude

-91.6032

CBSA code

26980

CBSA name

IOWA CITY, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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