Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    318 E Main St Lamoni, IA 50140

    For Sale
    $1,200,000

    Commercial Sale, Apartment - Lamoni, IA

    Lot size:
    1.00 Acre
    Days on Market:
    242
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 318 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    1302700538
    Parking features
    Unassigned
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Ductless (Heating)

    Building Details

    Year built
    1978
    Number of units
    21
    Building materials
    Brick, Stone
    Architectural style
    Other

    Power House Exclusive Real Estate Inc.

    Listing agent Michael Powers License #***

    Listing date Apr 9, 2025

    MLS# 6311422 Listing URL

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

    Overview

    Remodeled Apartment Building with Laundromat

    This commercial property in Lamoni, Iowa, features a 20-unit apartment building. Each unit contains one bedroom. A full commercial laundry facility is on-site, equipped with 6 washing machines and 8 dryers. The property also includes an office and an office elevator. The building has been remodeled and is in excellent condition. The lot size is 1 acre. Lamoni, Iowa, is home to Graceland College. The property is zoned for business and commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lamoni Laundry Laundromat Main Street Apartments ... Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lamoni
    County
    Decatur
    State
    Iowa
    Longitude
    -93.930027
    Latitude
    40.623959

    Nearby Similar for Sale

    • $150,000
      560 SF

      Turn-Key Restaurant Business Opportunity

      Established restaurant business with equipment, land, and development potential.
      440 Hwy 69 & Main St, Lamoni, IA 50140
      View Details
    • $65,000
      440 SF

      Retail Building in Lamoni, Iowa

      Move-in ready retail space with storage in Lamoni, Iowa.
      138 N Linden St, Lamoni, IA 50140
      View Details
    • $220,000
      1,650 SF

      Lamoni Homestead with Horse Barn

      5.1 acre homestead with horse barn near Lamoni, Iowa.
      12079 County Highway J45, Lamoni, IA 50140
      View Details
    • $700,000
      1.00 Acre

      Prime Lamoni Commercial Property

      20-Unit Apartment Complex with Laundry
      318 Main St, Lamoni, IA 50140
      View Details
    • $175,000
      1.25 Acres

      Lamoni, IA Restaurant - $175K

      Turn-key restaurant, established 50+ years.
      440 Hwy 69 & Main St, Lamoni, IA 50140
      View Details

    FAQs

    What type of property is this?
    Apartment building - 20-unit apartment building with laundromat and office in Lamoni, Iowa.
    Where is this apartment building located?
    The property is located at 318 E Main St Lamoni, IA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - 20 one-bedroom units, all remodeled and in excellent condition; - Full commercial laundry facility with 6 washing machines and 8 dryers; - Includes an office and office elevator
    Request Owner's contact information
    318 E Main St Lamoni, IA 50140
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    318 E Main St
    Lamoni, IA 50140
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    318 E Main St Lamoni, IA 50140
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.