Old Hospital Building w/ Cell Tower Leases-Monticello, Iowa

[Jared Althoff]

I have an interesting property that my family owns. It is a 3 story+penthouse beast of a building. It used to be a hospital boasting over 3000sf on each floor.  We have installed a new boiler (well over $100k) in the last 5 years.  Our main tenant has left the building.  They occupied 1 full floor.  Our group does not have the desire to rehab this as we specialize in new construction and are under staffed for a project like this.  This would be a great project for someone looking to get into senior living, multifamily or even climate controlled storage.  We are only asking $150k for this and it sits on over 2 acres.  A really neat space for anyone looking for a project in Jones County, Iowa.  Hit me up if you want me to send you any additional details.  We would even consider donating this to a non-profit if it was the right fit and with City approval.

Price: $150,000

Total annual rents=$31635.60 Tower utility reimbursement=$2892