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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

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.
More about this property
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