SQUARE FEET2,517
MLS#6341854
STATUS
PROPERTY TYPECommercial - Retail
SUBDIVISIONORIGINAL TOWN - ATLANTIC
Property Description
Investment opportunity in the heart of historic downtown Atlantic! This well-maintained commercial building is an excellent addition to any investment portfolio, featuring a long-term tenant with a strong lease in place for immediate rental income. Located in an attractive and vibrant downtown district there is street parking in the front and 2-3 private parking spaces in back. Current lease runs through September 30, 2029. New roof on the rear addition in September 2026.
Property Features
Property Type: Commercial - Retail
Basement: Yes
Basement: Unfinished
Cooling: Central Air
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Mixed Use
Lot Size: 0.08 Acres
Roof Type: Rubber
Taxes: $1,490
Year Built: 1895
Feature Descriptions
Accessibility Features: No Stairs Internal, No Stairs External
Current Use: Business, Office
Days on Site: 56
Exterior: Brick
Lot Dimensions: 24.5x140
Open Parking Spaces: 2
Parcel #: 303004960001000
Parking: Asphalt, On Street
Possible Use: Diversified, Lounge/Bar, Medical/Dental, Office, Professional/Office, Retail
Sewer: City Sewer/Connected
SQFT Building Finished: 2075
Units: 1
Utilities: Electric Common, Heating Common, Hot Water Common
Water: Public
Listed By / Shown
Listed By
Agency Name: Meyer & Gross Real Estate Co
Agency Phone: 712-243-4100
Shown By
Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263
405 Chestnut Street | MLS# 6341854
This commercial property located at 405 Chestnut Street, Atlantic, IA 50022 is currently listed for sale with an asking price of $99,900. Search Atlantic real estate on www.trophypa.com today.