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    107 Main St Knoxville, IA 50138

    For Sale
    $315,000

    Prime location, 11,913 sq ft, endless potential.

    Property size:
    11,913 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, located at 101 & 107 W Main Street in the heart of Knoxville, Iowa, presents a unique investment opportunity. Encompassing nearly 12,000 square feet across two parcels on a 0.34-acre lot, this iconic building previously housed the Peace Tree Brewing Company. The property boasts a rich history and character, making it ideal for entrepreneurs seeking a vibrant downtown location or investors looking for a strong return. The existing layout is versatile, currently configured to include brewery space, a taproom, packaging area, offices, and ample storage. This adaptable space allows for a variety of uses, catering to diverse business needs. Knoxville's downtown area has experienced significant revitalization in recent years, with infrastructure improvements and grant programs (including façade grants) available through the city. High-speed fiber optic internet service is readily accessible. The property is being sold as-is, offering a blank canvas for creative vision and redevelopment. Don't miss the chance to acquire a piece of Knoxville's commercial legacy and shape its future. The asking price is $315,000.

    Property Features for 107 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,913 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1924
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Peace Tree Brewing ... Brewery Andrew & Weiland Law ... Attorney Knoxville Chamber of Commerce Chamber Of Commerce Weiland Kenneth J Attorney Andrew Michael D Lawyer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Marion
    State
    Iowa
    Longitude
    -93.09852
    Latitude
    41.31916

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, 11,913 sq ft, endless potential.
    Where is this commercial real estate located?
    The property is located at 107 Main St Knoxville, IA.
    What is the asking price?
    The asking price for this property is $315,000.
    (641) 842-7214
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    107 Main St Knoxville, IA 50138
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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
    107 Main St Knoxville, IA 50138
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