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    102 1St St Kalona, IA 52247

    For Sale
    $2,200,000

    3.41 Acres, Prime Location, $2.2M

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 3.41-acre commercial property presents a unique investment opportunity in the thriving town of Kalona, Iowa. Located at 102 1st Street, this expansive lot offers significant potential for a variety of commercial ventures. The property's generous size allows for ample development possibilities, catering to businesses requiring substantial space for operations, storage, or expansion. Its strategic location within Kalona ensures high visibility and accessibility, benefiting from existing infrastructure and proximity to local amenities. The asking price of $2,200,000 reflects the significant value and potential return on investment this property offers. Given its size and prime location, this property is ideal for developers seeking a substantial land parcel for a new commercial project or for established businesses looking to expand their operations. The absence of existing structures provides a blank canvas for customized development, allowing for complete design flexibility to meet specific business needs. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering in the heart of Kalona. The property is zoned for commercial use, and all necessary utilities are readily available. This is a rare opportunity to acquire a significant commercial land holding in a desirable Iowa location. Further details regarding zoning regulations and utility specifications are available upon request.

    Property Features for 102 1St St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    148,540 SF

    Building Details

    Year Built
    1992
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kalona
    County
    Washington
    State
    Iowa
    Longitude
    -91.71325
    Latitude
    41.48174

    Nearby Comparable

    • $115,000
      0.15 Acres

      Kalona Commercial Building Investment

      Prime Kalona location, 0.15-acre lot.
      114 6Th St, Kalona, IA 52247
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    • $505,000

      1357 Tulip Ave

      Multifamily properties
      1357 Tulip Ave, Riverside, IA 52327
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    Nearby Similar for Sale

    • $115,000
      0.15 Acres

      Kalona Commercial Building Investment

      Prime Kalona location, 0.15-acre lot.
      114 6Th St, Kalona, IA 52247
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 3.41 Acres, Prime Location, $2.2M
    Where is this commercial real estate located?
    The property is located at 102 1St St Kalona, IA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (319) 351-8811
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    Kalona, IA 52247
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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
    102 1St St Kalona, IA 52247
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