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    405 Wapello St Mediapolis, IA 52637

    For Sale
    $485,000

    Spacious industrial building, prime location, great price.

    Property size:
    15,384 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional 15,384 square foot light industrial building is situated on a 0.7-acre lot in the heart of Mediapolis, Iowa. Its highly visible location offers unparalleled exposure for any business. Constructed using durable post-frame methods, the building features concrete floors throughout, providing a robust and versatile space. The interior includes well-appointed office areas, equipped with two bathrooms for the convenience of employees and clients. Heating is installed throughout the building, ensuring year-round operational capability. A significant advantage is the availability of 3-phase power, making it suitable for businesses with high electrical demands, such as manufacturing or those utilizing heavy machinery. This property presents a unique opportunity for businesses seeking expansion or a new location in a thriving Iowa community. The building's design and features cater to a wide range of industrial and commercial uses, offering flexibility and efficiency. The recent price reduction makes this an even more compelling investment opportunity. Don't miss the chance to secure this strategically located and well-equipped commercial property. The asking price is $485,000.

    Property Features for 405 Wapello St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    15,384 SF
    Lot Size
    30,492 SF

    Building Details

    Year Built
    1975
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Mediapolis
    County
    Des Moines
    State
    Iowa
    Longitude
    -91.17055
    Latitude
    41.00552

    Nearby Comparable

    • $159,000

      Storage Facility in Mediapolis, Iowa

      Grain bins and flat storage building included in sale.
      524 Middle St, Mediapolis, IA 52637
      View Details
    • $289,000
      1,242 SF

      5-Acre Farmhouse in Mediapolis

      Spacious 5-bedroom home on 5 acres, Mediapolis School District.
      24316 80Th Ave, Mediapolis, IA 52637
      View Details

    Nearby Similar for Sale

    • $159,000

      Storage Facility in Mediapolis, Iowa

      Grain bins and flat storage building included in sale.
      524 Middle St, Mediapolis, IA 52637
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Spacious industrial building, prime location, great price.
    Where is this commercial real estate located?
    The property is located at 405 Wapello St Mediapolis, IA.
    What is the asking price?
    The asking price for this property is $485,000.
    Request Owner's contact information
    405 Wapello St Mediapolis, IA 52637
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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
    405 Wapello St Mediapolis, IA 52637
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