403 1St StWilton, IA 52778

  • Warehouses
  • 23,602 SF
For Sale
$950,000 View listing

Property Details for 403 1St St

Year built
1989
Lot size
4.38 AC
Property size (Sq ft)
23,602 SF
Zone code
M1-LIGHT MANUFACTURING
Property type
Warehouses
APN
301432001
APU
301432001

Description

This exceptional Wilton, IA commercial property encompasses 50,750 square feet on a 4.38-acre lot, offering a unique blend of industrial and storage space. The property includes a 41,202 square foot industrial building and a 9,548 square foot storage garage, constructed in phases between 1989 and 2016. Key features include substantial storage capacity with a 676,774-gallon tank (installed 2013) and a 685,234-gallon tank (installed 2016). The building boasts 1,500 square feet of office space, providing ample administrative area. High ceilings range from 16 to 37 feet, accommodating various equipment and operations. Access is facilitated by five overhead doors and one dock door, ensuring efficient loading and unloading. The electrical system is robust, featuring two 600-amp, 3-phase electrical panels supplemented by additional subpanels. Recent upgrades include energy-efficient LED lighting throughout. A significant advantage is the property's rail service via the Iowa Interstate Railroad, providing seamless connectivity to all Class 1 railroads. Strategically located in an M-1 zoned area, the property enjoys convenient proximity to Highway 38 and Interstate 80, offering excellent transportation links. This property presents a rare opportunity for businesses requiring substantial industrial space, significant storage capacity, and convenient rail access.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,337,874
    Hospitality
    $4,889,464
    Educational
    $4,067,976
    Medical
    $4,207,880
    Retail
    $6,327,964

Location Insight

City
Wilton
County
Muscatine
State
Iowa
Latitude
41.5861
Longitude
-91.0212
CBSA code
34700
CBSA name
MUSCATINE, IA MICROPOLITAN STATISTICAL AREA

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
$50,840
$77,200
$1,276,320
$1,353,520
-
$77,200
$1,276,320
$1,353,520

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