905 Iris StMount Pleasant, IA 52641

Property Details for 905 Iris St

Year built

1999

Construction

FRAME

Lot size

5.00 AC

Property size (Sq ft)

1,200 SF

Property type

Office buildings

APN

411081520000500

APU

411081520000500

Description

This exceptional 9,156-square-foot office building presents a compelling investment opportunity in Mount Pleasant, Iowa. Situated on a spacious 5-acre lot, this Class C property offers significant potential for expansion. Built in 1998, the building is currently zoned B3, allowing for a variety of commercial and residential uses. The asking price has been reduced to $449,900, translating to $49.14 per square foot. Its convenient location just off the intersection of Highway 34 and Highway 218 provides excellent visibility and accessibility. The property's substantial size and flexible zoning make it ideal for a range of businesses, from medical practices to traditional office spaces. The ample land provides room for future growth and development, catering to expanding businesses or those seeking additional space. This property represents a rare chance to acquire a well-located, versatile commercial building in a thriving Iowa community. The building's history as a former treatment facility offers a unique opportunity for adaptive reuse. Serious inquiries are encouraged to explore the possibilities this property offers. The property's address is 905 S. Iris Street, Mount Pleasant, IA 52641. Henry County location.

• CAP approach

  CAP return

  Valuation

  6%

  $321,050

  6.5%

  $296,354

  7%

  $275,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $93,552

  Geo Method

  $93,552

• Alternative Use

  Use

  Valuation

  Residential

  $367,478

  Hospitality

  $336,608

  Educational

  $280,054

  Medical

  $289,686

  Retail

  $435,640

Location Insight

City

Mt Pleasant

County

Henry

State

Iowa

Latitude

40.9567

Longitude

-91.5288

Property Tax & Assessments

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