Welcome to an exceptional investment opportunity in the charming town of Letts, IA! This unique property is located on a prominent corner lot, blending commercial and residential potential effortlessly. Currently housing multiple tenants, this versatile space guarantees immediate income. One of its standout features is a secured 5-year agreement with the United States Postal Service, providing stability and reliable revenue. The building offers separate entrances for each unit, ensuring privacy and convenience for occupants. Whether you're looking to expand your portfolio or establish your business on prime real estate, this property caters to diverse needs. Each tenant covers their own utilities, minimizing overhead costs and enhancing net returns. Positioned in the heart of Letts, this property benefits from high visibility and foot traffic while maintaining a tranquil small-town vibe.
Letts is located in Iowa. Letts, Iowa has a population of 347. Letts is more family-centric than the surrounding county with 45.78% of the households containing married families with children. The county average for households married with children is 33.44%.
The median household income in Letts, Iowa is $65,357. The median household income for the surrounding county is $65,867 compared to the national median of $69,021. The median age of people living in Letts is 41.2 years.
The average high temperature in July is 85.2 degrees, with an average low temperature in January of 14.4 degrees. The average rainfall is approximately 38.2 inches per year, with 28.6 inches of snow per year.
