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    215 State St Algona, IA 50511

    For Sale
    $100,000

    Downtown Algona office building, excellent investment.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This attractive brick and wood-fronted commercial building in downtown Algona, Iowa, presents a fantastic investment opportunity. The property boasts approximately 2582 square feet of space, ideally suited for office or professional use. The main level features a welcoming reception/waiting area, four private offices (each measuring 11 x 13 feet), a meeting room (19 x 12 feet), a break room (14 x 9 feet), a half-bath, and ample storage. Additional storage is available in the basement. Recent updates include fresh paint in the reception area, hallway, and meeting room. The building sits on a 0.07-acre lot and offers convenient access to a public parking lot and alley via a rear entry/exit. The sale is contingent upon the existing tenant's lease agreement. This property is located at 215 E State Street, Algona, IA, and is priced at $100,000. The dimensions provided are approximate. Serious inquiries only.

    Property Features for 215 State St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1938
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Algona
    County
    Kossuth
    State
    Iowa
    Longitude
    -94.23476
    Latitude
    43.06914

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    FAQs

    What type of property is this?
    Commercial real estate - Downtown Algona office building, excellent investment.
    Where is this commercial real estate located?
    The property is located at 215 State St Algona, IA.
    What is the asking price?
    The asking price for this property is $100,000.
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    215 State St Algona, IA 50511
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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
    215 State St Algona, IA 50511
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