5 E Main St, Waukon, IA 52172

Investor Alert!! This business opportunity offers both commercial rental income and potential for both short or long term housing rentals. High visibility intersection in downtown Waukon - right at the stoplight! Six small businesses occupy the building. The sellers have poured money, time, sweat and vision into creating attractive business spaces in a cornerstone building in the center of Waukon! Currently netting $21,800 annually, with $27,000 gross income and expenses of $5196. The lower levels are fully occupied. Each tenant pays for their own heat and electric. Landlord pays for water. Upper level is a work in progress. There are six apartments with a long term plan of creating space for short-term rentals. Currently unoccupied as they are under construction. There have been six replacement windows installed in the upper level. Owner has additional replacement windows that will convey to a buyer to install. Seller occupied business space will be vacated for new owner to use as desired. Qualified buyers may see the property with minimum 24 hour notice, during business hours. Central air to most units. Lower level and middle unit on main do not have central air. Seller is a licensed real estate agent in the State of Iowa.