Marybeth Chupka
- Buy
- Sell
https://www.ruhlmortgage.com/ChrisSchneider.html
Description
Mixed-use investment opportunity with multiple income streams and value-add potential! The main level features a 7,442 sq ft former movie theater with 162 seats, flanked by two vacant retail storefronts ready for lease-up or owner-occupancy. Existing theater projection and sound equipment are in place (untested), offering a unique redevelopment or entertainment concept opportunity. Above the theater, eight furnished hotel-style rooms each offer private baths, mini-split heating and cooling, and internet access. Currently 6 of 8 rooms are rented at $825/month, providing immediate income with upside through full occupancy. Additional highlights include free city parking conveniently located across the street and flexible space configurations ideal for a variety of commercial uses. With vacant retail spaces and underutilized theater potential, this property presents a strong opportunity for investors seeking to increase cash flow and maximize returns.
Property Highlights
Property Type: Commercial - Business
Year Built: 1900
General Information
County: Union
Listed By:
Our Town Realty, LLC
641-552-6284
No Coast MLS
MLS ID: 6337252
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309 W Adams Street, Creston, IA 50801.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $220,000 | $220,000 | $220,000 |
| Down Payment | $44,000 | $7,700 | $55,000 |
| Monthly Mortgage Amount | $1,041 | $1,295 | $1,348 |
| Taxes | $306 | $306 | $306 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $97 | $0 |
| Monthly Estimated Total | $1,447 | $1,798 | $1,754 |
Marybeth Chupka
REALTOR®
Office: (563) 441-5015
Cell: (563) 529-2766
Licensed in IA & IL
Bettendorf Office
1228 Middle Road
Bettendorf, IA 52722
(563) 441-5000
Bettendorf, IA 52722
(563) 441-5000
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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