NOT LISTED FOR SALE

1500 Park Ave Unit 1 & 2 Muscatine, IA 52761

Estimated Value: $246,000

-- Bed
-- Bath
-- Sq Ft
0.49 Acres

About This Home

As of July 2014

Across the street from south end of Muscatine Mall. Great Corner with large roof top count. 27+ off street parking. HVAC separated. Full basement access. 208/120V @ 300A - 3PH power. Owner would consider TI allowance with good tenant credit. Unit 1 and Unit 2 are also offered individually at 1,680 SF each.

Last Agent to Rent the Property

Jeff Heuer

Hawkeye Commercial Real Estate License #B42652000/475.130473 Listed on: 05/08/2014

Last Renter's Agent

Jeff Heuer

Hawkeye Commercial Real Estate License #B42652000/475.130473 Listed on: 05/08/2014

Property Details

Property Type

  • Other

Year Built

  • Built in 1966

Lot Details

  • 0.49

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for all

Property Details

Property Type

Other

Year Built

Built in 1966

Lot Details

0

Rental Info

  • Monthly Lease Rate: 3360
  • Lease Dollar Sq Ft: 12
  • Owner Pays: None
  • Sale Lease Includes: Building, Land
  • Tenant Pays: All
  • Terms Lease: 3 Years, 5 Years

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office, Retail
  • Year Built: 1966
  • Three Phase: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Tile/Vinyl, Wood
  • Other Access: None
  • Total Building Sq Ft: 5790
  • Estimated Lot Sq Ft: 21,500 SF

Exterior Features

  • Exterior Finish: Steel, Other Exterior Finish
  • Frontage Access: Paved 4Lane, Corner Lot
  • Insulation: Roof, Side Walls
  • Roof Construction: Membrane, Sloped
  • Wall Construction: Brick, Frame

Garage/Parking

  • Numberparking Spaces Allocated: 10

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Volts: 208
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 0.49
  • Zoning: Commercial
  • Geo Subdivision: IA

Tax Info

  • Annual Taxes: 13604
  • Parcel Id Number Tax Id: 0825182029
  • Estimated Taxes Sq Ft: 2.35
  • Tax Incentive: In City Limit, Other Tax Incentive
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2014
Closed on
Jul 1, 2014
Sold by
Morse Tony L and Morse Allene D
Bought by
J & M Realty Holdings Llc
Seller's Agent
Jeff Heuer
Hawkeye Commercial Real Estate
Buyer's Agent
Jeff Heuer
Hawkeye Commercial Real Estate
Sold Price
$224,100
Current Estimated Value
$246,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,900
Original Mortgage
$580,000
Interest Rate
4.13%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
May 8, 2014
Closed on
Jun 30, 2014
Sold by
Morse Tony L and Morse Allene D
Bought by
J & M Realty Holdings Llc
Seller's Agent
Jeff Heuer
Hawkeye Commercial Real Estate
Buyer's Agent
Jeff Heuer
Hawkeye Commercial Real Estate
Sold Price
$224,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
4.13%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
J & M Realty Holdings Llc $630,000 None Available
J & M Realty Holdings Llc $630,000 None Available
J & M Realty Holdings Llc $630,000 None Available
J & M Realty Holdings Llc $630,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner J & M Realty Holdings Llc $580,000
Previous Owner J & M Realty Holdings Llc $728,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2014 07/11/14 Rented $224,100 0.0% --
06/18/2014 06/18/14 Under Contract -- -- --
05/08/2014 05/08/14 For Rent $224,100 -- --
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,782 $644,030 $170,060 $473,970
2024 $16,782 $558,780 $170,060 $388,720
2023 $16,010 $546,390 $170,060 $376,330
2022 $11,654 $498,510 $170,060 $328,450
2021 $11,654 $426,030 $170,060 $255,970
2020 $11,436 $426,030 $170,060 $255,970
2019 $10,500 $393,170 $0 $0
2018 $10,608 $393,170 $0 $0
2017 $10,608 $353,060 $0 $0
2016 $9,342 $353,060 $0 $0
2015 $9,342 $339,760 $0 $0
2014 $9,916 $339,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Heuer

    Landlord's Agent in 2014

    Jeff Heuer

    Hawkeye Commercial Real Estate

    (563) 508-5998

    25 Total Sales

    Jeff Heuer
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Map

Source: RMLS Alliance

MLS Number: RMAQC7031639

RMLS Alliance

APN: 0825182029

Iowa Muscatine County Muscatine 52761

1500 Park Ave Unit 1 & 2, Muscatine, IA

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