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    131 Broadway St Charlotte, IA 52731

    For Sale
    $230,000

    Lots & Land - Charlotte, IA

    Lot size:
    3.00 Acres
    Days on Market:
    180
    Last Refresh:
    Dec 13 at 5:06 am

    Property Features for 131 Broadway St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    62-0026-0000
    Lot size
    3.00 Acres

    Building Details

    Architectural style
    Other

    Howes & Jefferies Realtors (563) 242-3265 [email protected]

    Listing agent Dennis Lauver (563) 242-3265 License #B63532000/475.165634

    Listing date Jun 17, 2025

    MLS# QC4264204 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charlotte, IA - Development Opportunity

    This property presents two potential avenues for return on investment. The site includes a mobile home park with 7 rental units, offering the possibility for expansion. Current annual expenses for water, sewer, trash, and recycling amount to $6,000, with title tags on trailers costing $350. There is an opportunity to increase revenue through rent adjustments, as it has been over two years since the last rent increase. Current lot rents are: Lot 1 at $300 monthly, Lot 2 at $600 monthly, Lots 3 & 4 ranging from $650 to $700 monthly, Lot 6 at $550 monthly, Lot 7 at $600 monthly, and Lot 8 at $650 monthly. Lot 5 is currently vacant but could potentially generate $250 to $300 in monthly rent. One unit is owned by its occupant and is not included in the sale. Alternatively, the approximately 3-acre site could be converted into a residential development to capitalize on the strong demand for housing in a rural setting like Charlotte. The natural, wooded views from the site are expected to be attractive to prospective home builders.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Wholesale Shop Bar & Pub Discount Store Electrical Service Pawn Shop Italian Restaurant Butcher Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Clinton
    State
    Iowa
    Longitude
    -90.470529
    Latitude
    41.964394

    Nearby Similar for Sale

    • $197,000
      2,520 SF

      Charlotte IA Commercial Property

      Bar & Grill, .48 Acre Lot, High Traffic
      112 1St St, Charlotte, IA 52731
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - 3-acre site with mobile home park and development potential.
    Where is this mobile home & rv park located?
    The property is located at 131 Broadway St Charlotte, IA.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - Dual ROI potential: Existing mobile home park with 7 rentals and opportunity to convert the 3-acre site to residential development.; - Revenue Growth Potential: Increase lot rents and fill an empty lot.; - Established Mobile Home Park: Includes 7 rental units with existing monthly lot rent income.
    (563) 242-3265
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    131 Broadway St Charlotte, IA 52731
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    Charlotte, IA 52731
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    Realmo Value Estimation

    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.

    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.

    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
    131 Broadway St Charlotte, IA 52731
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