$229,000

1100 S Louise

Salem MO, 65560

Description

LOCATION! LOCATION! BUILDING & LAND ONLY FOR SALE! Great investment property located on major highway 32 in Salem, MO! MODOT reports an approximate average of 6,934 vehicles drive by this property daily. Located within 2 blocks of Wal-Mart, restaurants, bank, vet clinic & close to a new health clinic. Built in 2005 this building has a concrete parking lot w/11 parking spaces, a total of 3,600 sq. ft & is divided into 2 sections - existing laundromat with 2,900 sq. ft & a retail office with 700 sq. ft. Tenant occupied with long term lease that was renewed in 2018 w/the current monthly rent at $1,700 and an annual increase of $50/yearly starting in 2020 & continuing until 2025. Each unit has a half bath, electric heat pump & central air. New Trane heat pump installed in 2018 w/a 5 yr warranty & 1 yr of service provided & new parts on the 2nd existing unit.

Details

MLS#19059916
Sub-TypeResale
StatusActive
Year2005
Days On Site30

Features

SQ Feet3,600
Story(s)1
ZoningCommercial

Market Activity 65560

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Area Information

StateMO
CountyDent
CitySalem
Zip Code65560
AreaSalem
Listing VS Median (in 65560)
Price:
$229,000
low | high
Med:
$134,900
91.091703056769% of Average
SqFt:
3,600
low | high
Med:
2,786
72.611111111111% of Average
$ / SqFt:
$64
low | high
Med:
$48
73.880161882401% of Average
On Site:
30
low | high
Med:
111
27.027027027027% of Average
Listing Updated: 09/17/2019
MLS Number: 19059916
Listing Provided By:
Babette Wells  of  United Country Salem Realty