8 Bedroom Home For Sale in Stuart, IA

For Sale By Owner

111 nw 2nd st, STUART, IA, 50250, USA, 19000 sq. ft., 8 bedrooms, 5 bathrooms . Seller's Description: Unique Historic Clock tower Building - LISTED on the National Historic Places registry [no restrictions].<br /> Located in downtown Stuart Iowa, about 30mi west from the Des Moines International airport. Stuart is located right off interstate 80.<br /> <br /> The Clocktower Building is a 4 story building with a working town clock - "bell and all!"<br /> 19,000 sQft w/ a full 8.5' basement. The building has an elevator.<br /> The Clocktower Building had a major multi-million $ renovation in the early 90s.<br /> <br /> A multi-use building with condo style apartments on the 3rd floor:<br /> Apt. 1, 3000sQft<br /> Apt. 2 1600sQft<br /> Apt. 3 1700sQft<br /> <br /> Multiple Professional offices on the 2nd floor [4500sQft - total]<br /> <br /> 1st floor contains the lobby, a 450sQft store front. A 2700sQft open space w/16+ft ceilings. A back 900 sQft. utility space. The large 2700 sqft west space has just been recently renovated. <br /> <br /> Currently the building is owner occupied, living in Apt. 1 and utilizing the basement as art space. Currently the building generates 55,000$ a year in income [taking the basement and Apt.1 into consideration]. [positive cash flow regardless].<br /> The 1st floor has recently been renovated, painted and floor redone.<br /> <br /> AS A SEPERATE SALE is the adjacent lot which was transformed to a garden and parking for the building [This lot is a separate property]. This property is 88 x 48 feet<br /> <br /> This is a unique opportunity! Rents keep increasing as the Des Moines expansion west keeps moving toward Stuart. You can buy it as a live/work and have no mortgage through rental income. ..or, you can use it as just your big house. Put up your friends in the extra apartments - use the 2nd floor as your office - The building has massive power: 220 3-phase 4 SEPERATE SERVICES<br /> <br /> Buyer is responsible for related real estate sale fees and closing costs and will assume the property tax.<br /> <br /> Thanks for looking. Contact us with any questions. All offers considered