Jefferson, IA 50169 106 N Locust Street

106 N Locust Street Jefferson, IA - Image 1106 N Locust Street Jefferson, IA - Image 2106 N Locust Street Jefferson, IA - Image 3
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106 N Locust Street Jefferson, IA - Image 4106 N Locust Street Jefferson, IA - Image 5106 N Locust Street Jefferson, IA - Image 6106 N Locust Street Jefferson, IA - Image 7106 N Locust Street Jefferson, IA - Image 8106 N Locust Street Jefferson, IA - Image 9106 N Locust Street Jefferson, IA - Image 10
Presented By: Platinum Realty LLC
  • Des Moines Area AOR (DMAAR) - 188 - IA
  • MLS# 708224
  • 11/22/2024
  • Request Tour
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  • SQFT • 11,652

Home Details

Dollar General has been in place since November of 2001. Current lease runs through 10/31/2028 with (1) additional 5-year renewal through 10/31/2033. Landlord is responsible for all structural building components and HVAC replacement. Dollar General reimburses for real estate taxes, property insurance, parking lot maintenance and snow removal. Dollar General is also responsible glass, interior maintenance and upkeep as well as minor repairs and maintenance to HVAC. NOI is $37,100 resulting in a 7.81% cap rate. See documents for lease terms. Property is a high quality free-standing concrete block commercial building leased to Dollar General. Eave height is 17'. Roof is pre-engineered steel frame with a metal cover and rubber seal. Property is 100% sprinkled and 100% climate controlled with rooftop HVAC unit. Electrical service is ample with 1,200 Amp 3-Phase Service. There is a loading dock with 8' x 8' dock door and 528 SF truck well.
Presented By: Platinum Realty LLC

Interior Features for 106 N Locust Street

Bedrooms

Total Bedrooms

Bathrooms

3/4 Baths0
Half Baths
Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for 106 N Locust Street

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityJefferson
Community FeaturesSidewalks
Construction MaterialsBlock, Frame
CoolingSeeRemarks
CountyGreene
DirectionsFrom S Elm Street (Iowa Highway 4) head east along E Lincoln Way four blocks and then north along N Locust.
Electric On Property Y/NNo
Elementary School DistrictGreene County
Full Baths
Garage Y/NNo
HOANo
HeatingNaturalGas, SeeRemarks
High School DistrictGreene County
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionLots 125, 126, the North 60 feet of Lots 147 and 148 in the vacated alley between Lots 125, 126, 147 and 148, all in Block 18, Jefferson, IA
Listing TermsConventional
Lot Size Square Feet27588.0
Lot Size UnitsAcres
MLS AreaJefferson
Middle/Junior School DistrictGreene County
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeTenant
PostalCityJefferson
Property Attached Y/NNo
Property TypeCommercialSale
Rent Control Y/NNo
RoofMetal, Rubber
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Tax Annual Amount7914.0
Tax Year2023
Waterfront Y/NNo
Year Built1984
ZoningCBC

Exterior for 106 N Locust Street

Building Area Total11652.0
Crops Included Y/NNo
Foundation DetailsBlock, Poured
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.63
Lot Size Area0.63
Open Parking Y/NNo
Private PoolNo
Road Surface TypeConcrete
SpaNo
Water SourcePublic

Additional Details

Price History

Rachel Tiskevics

Realtor®
Price $475,000
MLS#708224
List Date 11/22/2024
Property Type Commercial
Phone 641.230.0537
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