10.28 +/- acres of commercial development property in downtown Altoona, IA! Currently consists of 1,000,000 bushels of concrete grain storage with all equipment required to load and unload storage, 40 x 24 office, 24 x 100 storage building, 40 x 60 heated shop, 20 x 45 heated storage shed and approximately 3200 sq foot historic brick building. This property would work great as it’s current use of a grain elevator/storage facility or could be re-redeveloped for mixed-use of multi-family/commercial/industrial. Property is zoned as M-1 (Limited Industrial). See attachments for redevelopment designs that the city of Altoona has rendered. This property offers great return from the first day of ownership with endless redevelopment possibilities!!
Property Highlights:
- Cash flowing property with existing tenants!
- Prime property of redevelopment!
- City of Altoona incentives available for redevelopment!
Driving Directions: From Interstate 80 take Altoona 1st Ave. exit and go south 1 mile. Property is located on the West side of 1st Ave. N. Look for signs
Improvements:
- Grain elevator
- Several outbuildings