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    307 Main St Knoxville, IA 50138

    For Sale
    $750,000

    Prime Commercial & Residential Investment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity is located in the heart of Knoxville, Iowa, at 307 E Main Street. The property encompasses a substantial mixed-use building featuring three commercial spaces and five apartments, presenting a unique blend of income streams and potential for owner-occupancy. Undergoing extensive renovations beginning in 2016, the building boasts significant upgrades. These improvements include a completely refreshed facade, new interior walls and flooring, updated electrical systems, a new city sewer connection, a comprehensive sprinkler system, new plumbing and water heaters, reinforced ceilings, and a new HVAC system throughout. The property sits on a 0.14-acre lot and benefits from readily available fiber internet service. This prime location is poised for continued growth, situated within a revitalized downtown area experiencing significant investment. Recent and planned developments include streetscape improvements, facade and signage grants, and Community Development Block Grant (CDBG) projects, all contributing to a thriving and attractive business environment. The asking price for this turnkey investment is $750,000. This presents a rare chance to acquire a well-maintained, income-producing property in a rapidly developing downtown core. The combination of commercial and residential units offers flexibility and diverse income potential. Detailed financial records are available upon request.

    Property Features for 307 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Integrative Counseling Solutions, ... Counselor

    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
    Knoxville
    County
    Marion
    State
    Iowa
    Longitude
    -93.09599
    Latitude
    41.31922

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial & Residential Investment
    Where is this commercial real estate located?
    The property is located at 307 Main St Knoxville, IA.
    What is the asking price?
    The asking price for this property is $750,000.
    (641) 842-7214
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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
    307 Main St Knoxville, IA 50138
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