Here is your chance to own a piece of downtown Fort Dodge. This is a nice cash flow opportunity. The building is fully leased with long-term tenants. Upstairs has a 5-year lease starting January 2024. First 2 years at $1,750/month and next 3 years at $1,950/month. There are two tenants on the main floor in the salon/spa business. One tenant pays $1,000/month ending 3/31/25. The other tenant just started a 2-year lease at $2,000/month. Also plans to lease the basement area for $600/month. Tenants are responsible for electricity and gas. The owner pays water, some electricity, taxes, and insurance. With current income not including basement property brings in $57,000/year. Approximate NOI is $44,141.96. Cap rate 11.8. New roof 2020.
The median home value in Fort Dodge, IA is $113,300. This is lower than the county median home value of $118,200. The national median home value is $338,100. The average price of homes sold in Fort Dodge, IA is $113,300. Approximately 56.86% of Fort Dodge homes are owned, compared to 36.19% rented, while 6.95% are vacant. Fort Dodge real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Fort Dodge real estate agent to arrange a tour today!
Fort Dodge, Iowa 50501 has a population of 24,826. Fort Dodge 50501 is less family-centric than the surrounding county with 22.71% of the households containing married families with children. The county average for households married with children is 24.45%.
The median household income in Fort Dodge, Iowa 50501 is $50,409. The median household income for the surrounding county is $56,934 compared to the national median of $69,021. The median age of people living in Fort Dodge 50501 is 37 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 8.4 degrees. The average rainfall is approximately 35.1 inches per year, with 33.5 inches of snow per year.