1106 W Park Street
Other, IA 59047
MLS #514085

Commercial
  • 47,777sq ft
Pending Sale $3,350,000
Est. P&I payment: $12794.73/mo
1106 W Park Street, Other, IA 59047
  • 1106 W Park Street, Other, IA 59047 Photo 1
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Description for 1106 W Park Street, Other, IA 59047
Peoples Company is pleased to exclusively represent the Yellowstone Gateway Mall, a 47,777 square foot multi-tenant retail center in Livingston, MT. The center offers a strong mix of national and local tenants including The UPS Store, Yellowstone Gifts and Sports, Aestetic Oral Arts, Crust and Crumb Bakery, Pony Express Lube and Upper Cut Salon. The center is anchored by a newly renovated and expanded Ace Hardware store occupying over 15,000 square feet with a lease extending through 2024 and additional renewal options through 2034. The leases feature rental increases of up to 10% and staggered lease expirations providing investors a strong and stable return. Expenses are shared between tenants, neighboring Shopko and Landlord. Current vacancy of 10,500 square feet provides tremendous upside potential as 2015 CAP rate approached 4%. The property is projected to cap at 6.5% when fully leased and before scheduled rate increases take effect.
MLS #514085
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My Notes for MLS #514085

General Features

  • Property Type: Commercial
  • Building Sqft: 47,777

Exterior Features

  • Street View Param: 1$45.654721$-110.572835$191.26$13.33$1.00$fum0Ld4i_hqg_vJ4u95ooQ

Interior Features

  • Square Feet Total: 47,777

Utilities Features

  • Air Conditioning: Central
  • Heat: Gas
  • Sewer: City
  • Water: City

Financial Features

  • Gross Taxes: 45,693.05
  • Net Taxes: 45,693.05

Misc Features

  • Zoning: Comm

Location

 
Street View Not Available
Directions to 1106 W Park Street, Other, IA 59047
Take Park St. Exit from I-90 west to property on right
The listing information for 1106 W Park Street, Other, IA 59047 was graciously provided by our friends at the listing brokerage, Peoples Company

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P&I Payment $12794.73
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Lora & Co.'s websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Lora & Co., Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 10/23/2017 at 8:03am
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