Description
Rare commercial & recreational opportunity on the NE side of Rathbun Lake! Situated on approx. 7 acres, subject to survey, along a primary paved corridor leading to the Rathbun Lake marina, dam, campgrounds & recreation areas, this property offers exceptional visibility, access & versatility. Improvements include an attractive custom log-cabin-style commercial building w/ 6,000 SF main-level footprint + 3,390 upper-level space. Currently utilized for outdoor retail, bait, food service, ice & LP camper filling, the building offers possibilities for retail, restaurant, convenience/grocery, boat or powersports sales, hospitality or numerous other commercial uses. A separate cabin is currently operated as an established short-term rental, providing an additional income-producing component while maintaining privacy from the commercial area. Large parking areas accommodate boats, campers & trailers, excellent paved-road frontage, signage exposure, a loading area & additional county-road access. Rathbun Lake offers 11,000+ acres of water & is one of Southern Iowa's premier boating, fishing, camping, hunting & outdoor recreation destinations. Located near Moravia & approx. 85 miles from Des Moines, this is a unique opportunity in a market where private commercial acreage this close to lake attractions is rare. Additional development potential may exist, subject to zoning & approvals. Real estate & improvements only; business inventory not included.
Property Highlights
Property Type: Commercial - Investment
Year Built: 2022
General Information
County: Appanoose
Listed By:
Hawkeye Farm Mgmt & Real Estat
641-932-7796
No Coast MLS
MLS ID: 6342369
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21718 Highway J5t, Moravia, IA 52571.
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| Loan Type | FHA 30 Year Fixed | 15 Year Fixed | VA 30 year fixed |
| Purchase Price | $1,100,000 | $1,100,000 | $1,100,000 |
| Down Payment | $38,500 | $275,000 | $0 |
| Monthly Mortgage Amount | $7,277 | $7,243 | $7,761 |
| Taxes | $1531 | $1531 | $1531 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $660 | $0 | $0 |
| Monthly Estimated Total | $9,789 | $9,095 | $9,613 |
Kathleen Cobler
Cell: (563) 340-0815
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Listings courtesy of No Coast MLS as distributed by MLS GRID.
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