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2062 653rd Avenue Albia, IA 52531 Commercial - Investment

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Description

Excellent opportunity just south of Albia, located outside city limits with paved road frontage and approximately 180 feet off Highway 5. This 58' x 104' x 16' steel building was constructed in 2021 and sits on 1.21 acres, offering strong access and flexibility for a variety of commercial uses. The building totals 6,032 square feet under roof and includes 1,392 square feet (24' x 58') of finished living or office space featuring a kitchen, living area, bathroom, and one bedroom or private office. The remaining 4,640 square feet consists of insulated shop space with full concrete floors, electric heat, 16-foot sidewalls, and two large overhead doors providing excellent access and clearance. The gravel lot allows for additional parking, equipment storage, or expansion. With its recent construction, location near Highway 5, and versatile layout, this property is well suited for automotive repair, dealership operations, contractor headquarters, equipment storage, or general commercial use. Property is located just outside Albia city limits.

Property Highlights

Property Type: Commercial - Investment
Year Built: 2022

General Information

County: Monroe
Listed By:
Hawkeye Farm Mgmt & Real Estat 641-932-7796
No Coast MLS
$575,000
Est. $3,652/mo
Active
MLS#6335657
STATUS PROPERTY TYPECommercial - Investment

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Ruhl&Ruhl Realtors
563.441.1776

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2062 653rd Avenue, Albia, IA 52531.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $575,000$575,000$575,000
Down Payment $115,000$20,125$143,750
Monthly Mortgage Amount $2,684$3,295$3,495
Taxes $800$800$800
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$253$0
Monthly Estimated Total $3,652$4,516$4,463

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