Otto Nobis
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
Rare commercial & recreational opportunity on the NE side of Rathbun Lake! Situated on approx. 2.33 acres, subject to survey, along a primary paved corridor leading to the Rathbun Lake marina, dam, campgrounds & recreation areas, this property offers exceptional visibility, access & versatility. Improvements include an attractive custom log-cabin-style commercial building w/ 6,000 SF main-level footprint + 3,390 upper-level space. Currently utilized for outdoor retail, bait, food service, ice & LP camper filling, the building offers possibilities for retail, restaurant, convenience/grocery, boat or powersports sales, hospitality or numerous other commercial uses. Large parking areas accommodate boats, campers & trailers, excellent paved-road frontage, signage exposure, a loading area & additional county-road access. Rathbun Lake offers 11,000+ acres of water & is one of Southern Iowa's premier boating, fishing, camping, hunting & outdoor recreation destinations. Located near Moravia & approx. 85 miles from Des Moines, this is a unique opportunity in a market where private commercial acreage this close to lake attractions is rare. Additional development potential may exist, subject to zoning & approvals. Real estate & improvements only; business inventory not included. Additional land and dwellings are available.
Property Highlights
Property Type: Commercial - Investment
Year Built: 2022
General Information
County: Appanoose
Listed By:
Hawkeye Farm Mgmt & Real Estat
641-932-7796
No Coast MLS
MLS ID: 6343756
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21718 Hwy J5t, Moravia, IA 52571.
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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 | $779,000 | $779,000 | $779,000 |
| Down Payment | $155,800 | $27,265 | $194,750 |
| Monthly Mortgage Amount | $4,146 | $5,089 | $5,049 |
| Taxes | $1084 | $1084 | $1084 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $343 | $0 |
| Monthly Estimated Total | $5,457 | $6,743 | $6,360 |
Otto Nobis
REALTOR®
Cell: (563) 340-9782
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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