1850 Commercial DrWalford, IA 52351

Property Details for 1850 Commercial Dr

Year built

2013

Lot size

1.16 AC

Property size (Sq ft)

9,608 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

20302-02014-00000

APU

203020201400000

Description

This exceptional investment opportunity encompasses a prime 1.16-acre industrial property located at 1850 Commercial Drive, Walford, IA, just minutes from Cedar Rapids. The property boasts two buildings offering a versatile mix of uses ideal for owner-occupancy or investment. Building #1, totaling 5,704 square feet, comprises 4,864 square feet of heated shop space, perfect for various industrial operations. Four overhead doors (two 16' x 16' and two 14' x 14') provide ample access for equipment and materials. Additionally, this building includes retail/showroom space and a 840-square-foot mezzanine level featuring a breakroom, kitchenette, restroom, and extra office and storage areas. Building #2, a substantial 9,608 square feet, houses 20 self-storage units, each equipped with either 12' x 14' or 9' x 7' overhead doors. Many of the larger units include convenient exterior outlets. The entire property is securely enclosed by a fence and gate. The property offers a significant income stream from the self-storage units (rent roll available upon request). The possession date is flexible and negotiable. This property presents a rare opportunity to acquire a well-maintained, income-generating industrial complex in a desirable location. Don't miss out on this chance to own a versatile and profitable asset.

• Alternative Use

  Use

  Valuation

  Residential

  $1,810,304

  Hospitality

  $1,658,229

  Educational

  $1,379,627

  Medical

  $1,427,074

  Retail

  $2,146,086

Location Insight

City

Walford

County

Linn

State

Iowa

Latitude

41.8906

Longitude

-91.8253

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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