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    101 Main St Grand Junction, IA 50107

    Sponsored
    For Sale
    $134,900

    Industrial - Grand Junction, IA

    Type:Industrial
    Property size:
    2,000 SF
    Lot size:
    0.15 Acres
    Days on Market:
    24
    Last Refresh:
    Mar 5 at 12:06 am

    Property Features for 101 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    Zoning
    RES
    Interior features
    100 - 200 AMP
    Size
    2,000 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    1
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Nate Nerem

    Nerem & Associates Real Estate & Insurance (515) 432-5650

    Listing agent Nate Nerem (515) 432-5650 License #B57254

    Listing date Feb 10, 2026

    MLS# 69385 Listing URL

    Copyright © 2026 Central Iowa Board of Realtors, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Industrial Building on Main

    This brand-new 25' x 80' Morton Building, completed just months ago, offers a versatile and highly functional space ideal for a wide range of commercial or storage uses. Constructed with quality and durability in mind, the building features a crushed rock floor and a 14-foot overhead garage door, providing easy access for large equipment, vehicles, or trailers, along with a convenient walk-through entry door. The property is equipped with 200-amp electrical service and 220-volt welding capability, making it well-suited for shop use, light industrial operations, or owner-user needs. With ample interior clearance, the building can comfortably accommodate two semi trailers, offering exceptional flexibility rarely found in newer construction. Located directly on Main Street in Grand Junction and just minutes from Highway 30, this property provides excellent accessibility and visibility while maintaining quick connections to major transportation routes. The property is situated on 0.15 acres. The building has 2,000 square feet of flex space, and is suitable for industrial and warehouse use. Whether you're seeking secure storage, a workshop, or a strategic commercial footprint, this move-in-ready, newly constructed building is a standout opportunity in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Nail Salon Skin Care Clinic Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Greene
    State
    Iowa
    Longitude
    -94.2393606
    Latitude
    42.0318096

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    FAQs

    What type of property is this?
    Flex space - New 2,000 SF industrial building on 0.15 acres.
    Where is this flex space located?
    The property is located at 101 Main St Grand Junction, IA.
    What is the asking price?
    The asking price for this property is $134,900.
    What are key features of this property?
    This property features: - Prime Main Street location in Grand Junction, minutes from Highway 30, offering excellent accessibility and visibility.; - Brand new (2025) 25' x 80' Morton Building suitable for commercial, storage, shop, or light industrial use.; - Features a **14-foot overhead garage door** and walk-through entry door for easy access of large equipment and vehicles.
    (515) 314-3099
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    101 Main St Grand Junction, IA 50107
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Main St Grand Junction, IA 50107
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    We can help!
    Listing Contact
    Nate Nerem
    Real Estate License ID: B57254
    (515) 314-3099 (515) 432-5650
    Learn more
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