704 /706 Central Avenue 708

Fort Dodge, IA 50501

Here is your chance to own a piece of downtown Fort Dodge. This building is in the path of improvement with Fort Dodges new master plan to revitalize the downtown area. This is a nice cash flow opportunity. Total Monthly Income: $5,600 Annual Gross Income: $67,200 Property Summary Mixed-use commercial building located on a main corridor in Downtown Fort Dodge Four income-producing units: • Main Floor Spa: $1,200/month o Salon Central: $2,000/month ? Nail Salon: $450/month o 1st Floor Office (Upper Des Moines): $1,950/month Potential Upside: Basement currently vacant, being marketed for $600/month lease Utilities: • First Floor (Upper Des Moines): Paid by tenant • Ground Floor tenants: Paid by landlord Avg Water: $100/month Avg Electric & Gas: $350/month Financial Snapshot Annual Gross Income: $67,200 Annual Operating Expenses: • Taxes: $8,296 • Insurance: $2,688 • Maintenance: $2,000 • Utilities (Water, Gas, Electric for Ground Floor): $5,400/year • Total Expenses: $18,384 NOI: $48,816 Key Highlights Fully stabilized tenant base (long-term leases in place) Turnkey investment with minimal landlord responsibility. Room for NOI growth with new basement lease Excellent downtown visibility and walkability New roof (2020) Will highly benefited by Fort Dodge Central River Master Plan 2025-2030

Listing courtesy of Ryerson Realty LLC



Listing information is provided by Participants of the Iowa Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Iowa Association of REALTORS MLS.
Data last updated at: 2025-07-09 02:23 PM UTC