Price Reduced

Mahaska County, IA
0.39 Acres M/L

138 North Cumberland Street
Fremont, IA 52561

Price	$205,000
Listing	#17715

LAND AGENT

Jake Sickels

Office: 515.961.0247
Mobile: 515.681.2103
Jake@PeoplesCompany.com

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Property Info

Description

Peoples Company is pleased to offer the Fremont Self Storage facility, located in Mahaska County in Fremont, Iowa. The property is situated on Highway 23, near Casey's General Store on the east side of the Fremont City Limits. Fremont Self Storage is a longtime establishment of the town of Fremont and offers an immediate return on investment, as well as opportunities to convert the buildings to multiple new commercial uses.

The facility features a 30' x 100' mini storage building, consisting of (20) 10' x 15' units with manually operated overhead doors and ample parking space for accessing each unit. 17 of the 20 units are currently leased on a month-to-month basis. Additionally, oversized storage is offered via the 60' x 100' post frame building, featuring 16' sidewalls and two 14' overhead doors for entry and exit. 16 tenants currently occupy the building, with executed leases in place and renewing on an annual basis. The current leases will expire on November 1st, 2024, allowing a new owner to renew the leases or utilize the building themselves.

This facility is an excellent opportunity for a seasoned or beginning investor looking to expand their holdings into the self-storage space. Potential for immediate upside is offered with the implementation of new leases and proper advertisement of the product offering. Please contact the listing agent today for lease figures and more information regarding the property!

Legal Description

Lot Seven, except the West 4 feet thereof and Lot Eight of Block Eight of the Original Plat of the Town of Fremont, Mahaska County, Iowa. Exact legal description to be take from Abstract.

Directions

The property is located within the City Limits of Fremont, Iowa, on the east edge of town. Continue east through town on Highway 23/East Main Street. The property will be on the north side of Highway 23/East Main Street.

Sign On Property: Yes
MLS Number: 698952
Parcel Number: 1614262009
School District: Eddyville-Blakesburg-Fremont
General Area: Fremont, Iowa
Net Taxes: $1,364.00
Water: City - In Street
Sewer: City - In Street
Building Type: Post Frame
Construction Type: Steel
Zoning: Commercial
Year Built: Mini Storage - 1992, Warehouse - 1996

Additional Info

Copies of the lease agreements can be made available to qualified Buyers. All leases can be assumed by the Buyer.

A principal of the Selling Entity holds an active real estate license in the State of Iowa.

Interested parties should contact the City Clerk of Fremont, Iowa for questions regarding permitted uses of commercial zoning within the city. The City Clerk can be reached at (641) 933-4317.

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