HUGE Investment Opportunity located right on the heavily traveled Hwy 9 between Decorah and Cresco! This one is a no-brainer folks. This property already has a four-plex apartment building with potential per month rent of $1600-$2000 but the bonus is the 4.76 acres of bare land with highway access. The travel count per day is 2,600 vehicles so this could be a prime spot for numerous businesses. The owners and I talked about a potential truck stop as a great possibility. With the way Ridgeway is growing it could also be a new housing subdivision as it is adjacent to the softball field. Currently two of the four one bedroom apartments are leased and the other two could be easily leased but this property is in an estate and the owners would like to sell it quickly. The new owner(s) can choose their renters or how they would like to run the property.
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Listing information last updated on August 19th, 2019 at 7:52am CDT.