112 & 116 E Court Avenue, Winterset, IA 50273

Property Description

Excellent opportunity to own commercial investment properties in the wonderful community of Winterset. The properties are leased with three commercial tenants on the first floor and five residential apartments on the second floor. They feature strong annual revenue and a healthy capitalization rate. High traffic and visibility. The properties include a one-story warehouse on the back (south) side of the buildings. This area has been used for storage. 112 E Court Ave: Built 1871, Building SF of 1540. 116 E Court Ave: Built 1894, Building SF of 4524. The buildings are located across the street from the historic town square, rich in history, tourism, and a vibrant local business community. Winterset is widely known for its historic covered bridges, the birthplace of John Wayne, scenic byways, and holiday festivals. Winterset is the county seat of Madison County. Madison County tourism has earned a number of accolades and awards. City of Winterset population: 5,421. Madison County population: 17,161. Winterset median household income: $72,822. Majority of households in town are between $75,000-$100,000. Madison County median household income: $89,542. Please ask the listing agent for P&L statements. PLEASE ASK YOUR AGENT FOR THE LINK TO THE MARKETING FLYER IN AGENT REMARKS. All information obtained from seller and public records.