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    112 1St St Knoxville, IA 50138

    For Sale
    $199,000

    High-visibility office, 3068 sq ft

    Property size:
    3,068 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 3,068 square foot commercial office building is ideally situated in the heart of Knoxville, Iowa, just one block from the town square. Its prime location ensures high visibility and significant foot traffic, making it an excellent opportunity for a variety of businesses. The property sits on a 0.17-acre lot and offers ample space adaptable to diverse business needs. Its proximity to major attractions significantly enhances its appeal. Located a short drive from Lake Red Rock, Iowa's largest lake, this property benefits from the year-round influx of tourists and outdoor enthusiasts. Furthermore, its convenient location near the renowned Knoxville Raceway, home to the Knoxville Nationals, guarantees a consistent stream of visitors throughout the year. This strategic positioning provides unparalleled access to a large and diverse customer base, presenting a unique opportunity to establish a thriving business within a vibrant community. The asking price for this exceptional property is $199,000. Don't miss this chance to own a cornerstone property in a thriving Iowa town.

    Property Features for 112 1St St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,068 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1945
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    William Orthodontics Dentist Dr. Brian Ancell Dentist Rinehart Tara Dentist Willham O Lee ... Orthodontist

    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
    -93.09904
    Latitude
    41.31828

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    FAQs

    What type of property is this?
    Office Property / Space - High-visibility office, 3068 sq ft
    Where is this office property / space located?
    The property is located at 112 1St St Knoxville, IA.
    What is the asking price?
    The asking price for this property is $199,000.
    (515) 279-6700
    Request Owner's contact information
    112 1St St Knoxville, IA 50138
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    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
    112 1St St Knoxville, IA 50138
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