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217 1st Street NW Mt Vernon, IA 52314 • Commercial - Office • Active

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Description

Rare opportunity to transform one of Mount Vernon's most iconic historic buildings. Located in the heart of downtown, this former fire station offers exceptional potential for a brewery, restaurant, retail, office, or other commercial use. Ownership has completed significant due diligence, including a brewery/restaurant concept that was fully designed and previously approved by the City, saving a future owner valuable time and expense. Current owner also previously secured Grayfield and IDEA grants, adding significant value to the redevelopment process. Included: dedicated off-street parking and the opportunity for outdoor patio space?rare amenities for a downtown property. Architectural plans/renderings are available to qualified buyers upon execution of an NDA. Owner may consider a lease. Contact LA for additional info and showing instructions. A member of the ownership entity is a licensed Realtor in the state of IA.

Property Highlights

Property Type: Commercial - Office
Building Description: 1.0 stories
Year Built: 1975

General Information

County: Linn
Listed By:
GLD COMMERCIAL Angie Glick 319-731-3400
Cedar Rapids MLS
$595,000
Est. $3,972/mo
Active
SQUARE FEET4,361 MLS#2605152
STATUSActive PROPERTY TYPECommercial - Office
TOUR PROPERTY

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Shown By

Agent Name: Courtnee Tomlinson
 Agent Phone: (563) 529-2012
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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217 1st Street Nw, Mt Vernon, IA 52314.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $595,000$595,000$595,000
Down Payment $119,000$20,825$148,750
Monthly Mortgage Amount $2,970$3,597$3,736
Taxes $828$828$828
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$262$0
Monthly Estimated Total $3,972$4,861$4,738

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