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207 N Main Street Rake, IA 50465 • Commercial - Industrial

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Description

UNIQUE COMMERCIAL OPPORTUNITY IN RAKE, IA! Discover the possibilities with this versatile commercial property offering multiple buildings, generous storage space, and a functional layout suited for a variety of business or personal uses! The impressive 50' x 80' main building features a heated office, additional workspace, and a spacious open area complete with overhead doors on both ends for convenient drive-through access. The remaining portion of the building is currently utilized as cold storage, providing even more flexibility. Just west of the main building sits an additional 20' x 40' steel storage shed with an overhead door, while a detached double garage with convenient alley access is located on the east side of the property. Whether you're looking for a place to operate a business, store equipment, or expand your existing operations, this one-of-a-kind property offers endless potential! PLEASE NOTE: A fourth building located on the parcel was constructed by and is owned by the United States Postal Service (USPS). A land lease is currently in place through August 2027.

Property Highlights

Property Type: Commercial - Industrial
Year Built: 2003

General Information

County: Winnebago
Subdivision: RAKE ORIGINAL TOWN
Listed By:
Realty ONE Group Black Diamond 641-592-2665
No Coast MLS
$140,000
Est. $1,031/mo
New to the Market Active
MLS#6343839
STATUS PROPERTY TYPECommercial - Industrial SUBDIVISIONRAKE ORIGINAL TOWN

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Ruhl&Ruhl Realtors
563.441.1776

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207 N Main Street, Rake, IA 50465.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $140,000$140,000$140,000
Down Payment $28,000$4,900$35,000
Monthly Mortgage Amount $736$903$907
Taxes $195$195$195
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$62$0
Monthly Estimated Total $1,031$1,260$1,202

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