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    1131 Buchanan St Washington, IA 52353

    For Sale
    $375,000

    Award-winning industrial building with rental income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property located at 1131 W Buchanan in Washington, IA, presents a unique investment opportunity. The 0.9-acre lot houses a remarkable industrial building, recognized as Building of the Year by Metal Magazine. The property boasts five spacious garage bays, ideal for various commercial uses, along with four separate rental units, all currently occupied by tenants. This provides immediate and consistent rental income. Each of the four rental units is equipped with its own heating system, 100-amp electrical service, 220-volt hookups for power tools or equipment, ceiling fans for comfort, a private bathroom, and a dedicated private entrance. The building's prestigious award underscores its high-quality construction and desirable features. The combination of the industrial bays and the income-generating rental units makes this property a versatile and financially attractive investment. The current tenant occupancy ensures a steady stream of revenue from day one. This is a rare opportunity to acquire a well-maintained, award-winning property in a desirable location with proven rental income. The property's size and features make it suitable for a variety of commercial ventures, offering significant potential for future growth and profitability. Serious inquiries are encouraged. The asking price is $375,000.

    Property Features for 1131 Buchanan St

    General Information

    Property type
    Industrial properties
    Lot Size
    39,204 SF

    Building Details

    Year Built
    2018
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Nail Salon Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Washington
    State
    Iowa
    Longitude
    -91.71091
    Latitude
    41.28386

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    FAQs

    What type of property is this?
    Industrial property - Award-winning industrial building with rental income.
    Where is this industrial property located?
    The property is located at 1131 Buchanan St Washington, IA.
    What is the asking price?
    The asking price for this property is $375,000.
    (319) 423-4139
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    Washington, IA 52353
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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
    1131 Buchanan St Washington, IA 52353
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