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305-309 Gilman Street Sheffield, IA 50475 Commercial - Investment

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Description

Block 10 is a hidden gem in the heart of Iowa. This amazing renovated building and business are a travelers destination spot for special events, great food and specialty coffee. Block 10 has been a well established coffee shop located in Sheffield Iowa since 2017. Turn key opportunity for a buyer who is seeking a well-known community business with growth potential including business, furniture, fixtures, equipment, and real estate. Recent investments have been made to the property, including major building improvements, decreasing immediate capital expenditures. The business has an established customer base, strong community recognition, and a proven operating history. Block 10 presents an opportunity for an owner ? operator, investor, or entrepreneur seeking an established business. Decor is negotiable. Please note; listing is two parcels 0304382018 ( restaurant) and 0304382010 ( lounge).

Property Highlights

Property Type: Commercial - Investment
Year Built: 1921

General Information

County: Franklin
Listed By:
Century 21 Preferred 641-424-9400
No Coast MLS
$1,449,000
Est. $9,672/mo
Active
MLS#6340153
STATUS PROPERTY TYPECommercial - Investment

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305-309 Gilman Street, Sheffield, IA 50475.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,449,000$1,449,000$1,449,000
Down Payment $50,715$0$289,800
Monthly Mortgage Amount $8,760$9,114$7,232
Taxes $2017$2017$2017
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $869$0$0
Monthly Estimated Total $12,069$11,554$9,672

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