Property Attributes
- MLS#2482445
- TypeCommercial
- CountyBUCHANAN
- CitySt Joseph
- Area1132 - Buchanan Co NW-N=Co Line - S=I-36 - E=I-29
- Zip64506
- Style
- Year Built1981
- Taxes$ 16268
- Price$ 1,590,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.68999 Acres
Data Source:
Heartland MLS (HMLS)
Property Description
Located on the northside of St. Joseph in Ashland Square, just off of Business I-29 (North Belt Highway). Occupancy 86%. In the last 5 years a new parking lot, roof, and HVACS installed. Lighting upgraded to LED for low maintenance. Most suites have been updated. In the last 2 years, two major tenants occupying 5,920 sq ft have had major updates to units. ATM machine on property with high return. Overall property is currently at a 7% CAP rate, with room to improve up to 9% CAP with current month-to-month leases and 100% occupancy. Avg lease rate is $8.76 well below the average, current lease rate in St. Joseph. Room to increase CAP rate even more! Showings must be scheduled with the listing agent. Some leases are available for $9 per square foot and some are higher - please reach out for more detailed information.
Price History | |
---|---|
4/10/2024 | Listed $1,590,000 |
General Features
Utilities | Service - 220v,Water/Sewer |
---|---|
Possession | Negotiable |
Exterior Features | Building Sign |
Zoning | COM |
Year Built | 1981 |
Property SubType | Other |
Current Use | Other,See Remarks,Business |
Business Type | Other |
Accessibility | Accessible Entrance |
County | Buchanan |
Property Type | Commercial Sale |
Status | Active |
Directions | I-29 N.,Take Exit 50 toward US-169 toward King City/St. Joseph,Turn left onto US-169 S/Rochester Road,Turn left onto I-29BL,Turn right onto Ashland Ave/Lovers Lane,Turn right,Turn right and destinati |
City | St Joseph |
MLS Area | 1132 - Buchanan Co NW-N=Co Line;S=I-36;E=I-29;W=Mo River |
Lot Size Units | Acres |
Lot Size Square Feet | 73616.4 |
Listing Terms | Cash,Conventional |
Public Remarks | Located on the northside of St. Joseph in Ashland Square,just off of Business I-29 (North Belt Highway). Occupancy 86%. In the last 5 years a new parking lot,roof,and HVACS installed. Lighting upgrad |
Leasable Area | 21224 |
Standard Status | Active |
In Flood Plain | No |
HMS_MaintenanceProvidedYN | No |
Interior Features
Total Stories | 2 |
---|
Exterior Features
Parking Features | Parking Lot |
---|---|
Lot Size Area | 1.69 |
Road Surface Type | Asphalt |
Road Frontage Type | Other |
Location Features | Strip Center |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool