318 E Main Street Lamoni, IA ^$ 999,999

318 E Main Street

^$ 999,999

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318 E Main Street

Lamoni, IA, 50140

^$ 999,999

Studio Baths0.0

Monthly Estimate*

^$ 6,985

318 E Main Street, Lamoni, IA 50140 - Image 1

318 E Main Street, Lamoni, IA 50140 - Image 2

318 E Main Street, Lamoni, IA 50140 - Image 3

318 E Main Street, Lamoni, IA 50140 - Image 4

318 E Main Street, Lamoni, IA 50140 - Image 5

318 E Main Street, Lamoni, IA 50140 - Image 6

Studio

Commercial Property for sale in Lamoni, IA

for $999,999. This building was built in 1978 on a lot size of 1.

20 UNITS WITH OTIS ALL ONE BEDROOM WITH LAUNDROMAT ALL REMODELED AND IN EXCELLENT CONDITION. FULL COMMERCIAL LAUNDRY . 6 WASHING MACHINES AND 8 DRYERS. ALSO INCLUDES OFFICE AND OFFICE ELEVATOR. LISTING BROKER IS OWNER OF PROPERTY. PRICED AT SUBSTANTIAL REDUCTION BUT PRICE IS FIRM. LAMONI IOWA IS HOME TO GRACELAND COLLEGE. NO OWNER FINNANCING AND MUST HAVE PROOF OF FUNDS AND PREAPPROVAL LETTER WHEN SUBMITTING AN OFFER

Commercial Active

Price

^$ 999,999

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Apartment

Lot Size

Year Built

1978

Town/City

Lamoni

County/Region

Decatur

MLS | Web ID

6311422

Features

General

Available Utilities Electric Separate Heating Separate Hot Water Separate

Sewer City Sewer/Connected

Heating Ductless Mini-Split

Water City Water/Connected

current use Commercial Office Laundromat

Zoning Business/Commercial

Total Number of Units 21

HOA WCIR

Status Active Active

Style Apartment

Class COMMERCIAL (5+ UNITS)

Net Income 100200

Municipality Lamoni

Tax Year 2022

Fuel Electric

Subdivision IA

Contingency None

Auction Y/N 0

Area Decatur

Primary City Lamoni

Year Built 1978

Directions Main Street Apartments LLC OFF EAST MAIN STREET

City Lamoni

Street Name Main

Agent First Name Michael

Agent Last Name Powers

DOM 249

Postal Code 50140

Potential Short Sale No

Price Per Sq Ft Total 63.47

Exterior

Exterior Brick/Stone

Lot Size Area 1

Lot Size Dimensions ONE HALF ACRE FOR 20 UNITS WHUCH INCLUDE ELEVATOR PLUS EMPTY LOT ONE HALF ACRE

Interior

Garage Stalls 0

Internal Only

OriginalMLSID 6311422

* Excluded Features

List By

Michael Powers

Listing Agent

Power House Exclusive Real Estate Inc.

Broker

engineersat@aol.com

Affordability Calculator

$6,985

Per Month

Monthly Principal & Interest: $6,985
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lamoni, IA

Average List Price ^$999,999

Percent of Sale Price 0%

About Lamoni, IA

2,252 Population

-3% Since 2002

^$33,405 Median Income

27.05 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2872932 Elementary School

2872966 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/7/2024	$799,999	-20.00%	Price Down
11/10/2023	$999,999	-16.67%	Price Down
9/14/2023	$1,200,000		Listed Price

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318 E Main Street, Lamoni, IA, 50140 is a Commercial Property for sale at $999,999 with a lot size of 1. 318 E Main Street is a studio with 0.0 baths and was built in 1978. The property's zip code is 50140 which is in Lamoni, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the Iowa Association of REALTORS service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is deemed reliable but is not guaranteed accurate by the the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. Data is updated as of 5/23/2024.

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318 E Main Street

Commercial Property for sale in Lamoni, IA

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