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    Mixed-Use Property in Prime Location Title is generated by Realmo AI

    4506 220th Trl, Amana, IA 52203

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    For Sale
    $575,000

    Commercial - Amana, IA

    Property size:
    5,959 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $96/SF
    Added:
    Feb 11, 2026
    Days on Market:
    98
    Last Refresh:
    May 20 at 12:06 am

    Property Features for 4506 220th Trl

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    104009082*
    Size
    5,959 SF
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4836

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1856
    Flooring type
    Carpet, Wood
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Terri Larson
    Terri Larson

    Listing agent Terri Larson

    Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD, Iowa City, IA

    Listing date Feb 11, 2026

    MLS# 202601101 Listing URL

    Copyright © 2026 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.

    HighLights

    • Prime mixed‑use property with commercial and residential potential
    • Approximately 5,959 finished sqft across two levels
    • Upper‑level living quarters include spacious living & dining rooms, a full kitchen, 3 full bathrooms, 2 1/2 baths, and a dedicated laundry room
    • Historically significant as reportedly the 2nd oldest building in the village of Amana, offering strong visibility among established retail businesses
    • Includes three separate parcels: 104009082, 104009086, 104009088
    • Main level commercial space with the potential to extend to the second floor

    Overview

    This mixed-use property presents a rare opportunity for commercial, residential, or live/work use. Located in the village of Amana, the property enjoys a prime location among established retail businesses, offering historical significance and strong visibility. The main level features approximately 3,559 finished square feet of commercial space, with the potential to extend that use into the second floor. Alternatively, the upper level could be utilized as a private residence or income-producing rental. The second level provides approximately 2,400 finished square feet. The upper-level living quarters include spacious living and dining rooms, a full kitchen, three full bathrooms, and a dedicated laundry room, ideal for owner occupancy or rental income. The total finished square footage is approximately 5,959. The property is reported to be the 2nd oldest building in the village of Amana. The sale includes three separate parcels: 104009082, 104009086, 104009088. The property is situated on a 0.35-acre lot. Four Winds Apothecary is scheduled to vacate the premises by the end of February 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Catiri's Art Oasis Art Gallery

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Amana
    County
    Iowa
    State
    Iowa
    Longitude
    -91.870468
    Latitude
    41.799732

    Nearby Similar for Sale

    • $1,400,000
      11,645 SF

      Versatile Event & Commercial Space

      11,643 SF commercial property in historic Amana, Iowa.
      4709 220th Trail, Amana, IA 52203
      View Details
    • $575,000
      5,959 SF

      Mixed-Use Property in Prime Location

      Unique mixed-use property with commercial and residential potential.
      4506 220th Trl, Amana, IA 52203
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Unique mixed-use property with commercial and residential potential.
    Where is this mixed-use property located?
    The property is located at 4506 220th Trl Amana, IA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Prime mixed‑use property with commercial and residential potential; Approximately 5,959 finished sqft across two levels; Upper‑level living quarters include spacious living & dining rooms, a full kitchen, 3 full bathrooms, 2 1/2 baths, and a dedicated laundry room
    (319) 331-7879
    We can help!
    Listing Contact
    Terri Larson
    Terri Larson
    Learn More
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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.

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