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    201 N Devoe St Lone Tree, IA 52755

    For Sale
    $385,000

    Multi Family - IA

    Property size:
    2,880 SF
    Days on Market:
    92
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 201 N Devoe St

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    C-1 Commercial
    APN
    1709401005
    Parking features
    Off Street
    Size
    2,880 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2021
    Building materials
    Frame
    Architectural style
    Other

    Blank and McCune, The Real Estate Company (319) 354-9440 [email protected]

    Listing agent Teresa Morrow (319) 354-9440

    Listing date Sep 5, 2025

    MLS# 202504953 Listing URL

    Copyright © 2025 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Mixed-Use Investment Opportunity

    This downtown Lone Tree property has been rebuilt and repurposed into three rental units, presenting an investment opportunity. The main level features a large 2,000-square-foot apartment with 3 bedrooms and 2 bathrooms. Additionally, the main level includes a separate 720-square-foot commercial space suitable for office use or integration with the main floor unit. The lower level houses an 1,800-square-foot unit with 2 bedrooms and 2 bathrooms. A large attached garage or storage area is included. The property is zoned C-1 Commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Gym & Fitness Nail Salon Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lone Tree
    County
    Johnson
    State
    Iowa
    Longitude
    -91.425941
    Latitude
    41.488477

    Nearby Similar for Sale

    • $185,000

      Lone Tree Commercial Property For Sale

      Commercial property with retail and apartments in Lone Tree, Iowa.
      104 W Jayne St, Lone Tree, IA 52755
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Rebuilt mixed-use property with residential and commercial units in Iowa.
    Where is this multifamily property located?
    The property is located at 201 N Devoe St Lone Tree, IA.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: - Newly rebuilt/repurposed building (2021) in Downtown Lone Tree.; - Three rental units provide investment opportunity.; - Main level: Large 2,000 sqft apartment with **3 bedrooms and 2 bathrooms.**
    (319) 354-9440
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    201 N Devoe St Lone Tree, IA 52755
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    Lone Tree, IA 52755
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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
    201 N Devoe St Lone Tree, IA 52755
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