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    10 Main St Marshalltown, IA 50158

    For Sale
    $225,000

    Main Street gem, high potential!

    Property size:
    7,280 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 7,280 square foot commercial property, located at 10 E Main Street in the heart of Marshalltown, IA's Main Street District, presents a compelling investment opportunity. Currently leased to a long-term tenant, Brown's Shoe-fit, since 2006, this building offers immediate income generation. The main floor encompasses over 7,200 square feet of well-maintained commercial space, perfectly suited for a variety of uses. A significant advantage is the inclusion of a full second story, currently undeveloped, presenting a substantial opportunity for future expansion. Imagine the possibilities of creating residential units overlooking the courthouse, adding significant value and rental income potential. The property sits on a 0.17-acre lot and benefits from recent exterior improvements, including a new roof and windows, minimizing maintenance needs. The tenant is responsible for all utilities, while the current owner covers annual property taxes and building insurance. This low-maintenance, high-return potential property is priced at $225,000 and offers a rare blend of established income and future development potential in a desirable location. This is a truly unique opportunity to acquire a well-positioned commercial property with significant upside.

    Property Features for 10 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,280 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1890
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brown's Shoe Fit ... Shoe Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshalltown
    County
    Marshall
    State
    Iowa
    Longitude
    -92.91245
    Latitude
    42.04949

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    FAQs

    What type of property is this?
    Commercial real estate - Main Street gem, high potential!
    Where is this commercial real estate located?
    The property is located at 10 Main St Marshalltown, IA.
    What is the asking price?
    The asking price for this property is $225,000.
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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
    10 Main St Marshalltown, IA 50158
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