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615 10th Street DeWitt, IA 52742 Commercial - Retail Active

  • 615 10th Street, DeWitt, IA 52742 Main Photo

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Description

Well-maintained commercial property located in bustling downtown DeWitt, offering a strong investment or owner-user opportunity. The nearly 8000 sq. ft. building features 4 fully occupied office suites with long-term, reliable tenants in place. An additional two rear office spaces are currently unoccupied, providing immediate upside potential. The property includes a shared common area with bathroom, as well as a rear garage with overhead door offering approximately 900 sq. ft. of garage space with concrete floors-perfect for storage or for trades such as a plumber, electrician, or similar commercial use. The entire upper level is fully floored and offers excellent storage or future finishing potential. The steel roof was replaced in 2020 along with parking lot improvements, and facade improvements with updated windows and stylish dormers. Tenants are responsible for their own gas/electric, all on separate meters. Also included is an approximately 12,000 sq. ft. parking lot in great condition, providing ample off-street parking for tenants and visitors. A solid downtown asset with income stability and room for future growth. Income and expenses will be provided upon request, please do not enter businesses with inquiries.

Property Highlights

Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1900

General Information

County: Clinton
Listed By:
QC Reserve - Real Broker, LLC 563-294-0877
MRED MLS
$550,000
Est. $3,458/mo
Active
SQUARE FEET7,908 MLS#12575694
STATUSActive PROPERTY TYPECommercial - Retail

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Ruhl&Ruhl Realtors
563.441.1776

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615 10th Street, DeWitt, IA 52742.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $550,000$550,000$550,000
Down Payment $110,000$19,250$137,500
Monthly Mortgage Amount $2,533$3,152$3,289
Taxes $765$765$765
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$242$0
Monthly Estimated Total $3,458$4,319$4,214

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