Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    401 E Grove St Maquoketa, IA 52060

    Sponsored
    For Sale
    $265,000

    COMMERCIAL - Maquoketa, IA

    Property size:
    3,900 SF
    Days on Market:
    2
    Last Refresh:
    Mar 3 at 8:06 am

    Property Features for 401 E Grove St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    I-2
    Rooms
    Bathroom 2, Bathroom 1
    Bathrooms
    2
    APN
    821819109013000
    Parking
    4
    Size
    3,900 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Steel Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Linda Bailey

    East Iowa Realty (563) 652-0000

    Listing agent Linda Bailey (563) 652-0000

    Listing date Mar 2, 2026

    MLS# 151468

    Copyright © 2026 East Central Iowa 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.

    Learn more

    Property Insight Report

    Overview

    Maquoketa Commercial Auto Shop Building

    This commercial building, situated on a corner lot, offers ample parking space. It has been used as an auto body shop for over 45 years. The building provides approximately 3900 square feet of space. The entrance leads into a sizable office area, accompanied by two additional rooms suitable for offices or storage, and a half bathroom. The office furnace was newly installed in December 2024. The shop area includes a hoist and three overhead doors, one measuring 9 feet in height and two measuring 10 feet. A paint booth is equipped with bright lighting, heat, and a separate ventilation system; this booth can be removed to create a more open space. The shop also features a tool or parts room. A bathroom is located in the back shop area, with storage spaces available on both the main floor and above. Two 3-phase dual-stage air compressors are included with the property. Given its I-2 zoning, the building presents a multitude of potential uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    B & D Pitstop Llc, Service and Parts Department, Quick Auto Repair, Nigh's Rpm's, 1st Class Auto Body & Paint

    Location Insight

    • Map
    • Local Demand
    City
    Maquoketa
    County
    Jackson
    State
    Iowa
    Longitude
    -90.661727
    Latitude
    42.073683

    Nearby Similar for Sale

    • $650,000
      10,000 SF

      Versatile Office Space in Maquoketa

      High-quality office space ideal for various business uses.
      115 S Olive St, Maquoketa, IA 52060
      View Details
    • New
      $250,000

      Established Dry Cleaning Business Opportunity

      Established dry cleaning business for sale in Maquoketa, Iowa.
      108 S Jones Ave, Maquoketa, IA 52060
      View Details
    • New
      $150,000

      Versatile Commercial Property, Maquoketa

      Spacious building suitable for office, retail, event venue, studio.
      110 S Jones Ave, Maquoketa, IA 52060
      View Details
    • $235,000
      8.16 Acres

      Hobby Farm with Cozy Home

      Private, peaceful 8.16-acre hobby farm with updated home and outbuildings.
      25483 134Th St, Maquoketa, IA 52060
      View Details
    • $129,900
      1,996 SF

      Maquoketa Duplex For Sale

      Duplex with recent improvements, ideal for investors or owner-occupancy.
      302 E Maple St, Maquoketa, IA 52060
      View Details
    • $98,000
      0.34 Acres

      Vacant Corner Lot on Highway

      Vacant corner double lot with highway access and B2 zoning.
      124 E Platt St, Maquoketa, IA 52060
      View Details
    • $279,900
      Pending

      Income-Producing Duplex in Maquoketa

      Well-maintained duplex in a desirable Maquoketa location.
      706 Myatt Dr, Maquoketa, IA 52760
      View Details
    • $2,595,000
      46,500 SF

      Maquoketa Warehouse and Office Space

      47,000 SF warehouse and 10,000 SF office space for sale.
      140 Jacobsen Dr, Maquoketa, IA 52060
      View Details

    FAQs

    What type of property is this?
    Auto shop - Commercial building with auto shop features and ample parking.
    Where is this auto shop located?
    The property is located at 401 E Grove St Maquoketa, IA.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: - Established auto body shop location for 45+ years.; - Approximately 3900 square feet of usable space.; - Includes a paint booth with ventilation and heat (removable).
    (563) 357-7061
    Request Owner's contact information
    401 E Grove St Maquoketa, IA 52060
    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.
    401 E Grove St
    Maquoketa, IA 52060
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    401 E Grove St Maquoketa, IA 52060
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Linda Bailey
    (563) 357-7061 (563) 652-0000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!