120 1st Ave N, Altoona, IA 50009 - Polk County

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 its 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!

Improvements:

Grain elevator

Several outbuildings