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    418 2Nd St Gladbrook, IA 50635

    For Sale
    $63,950

    Prime Gladbrook investment opportunity! High-yield multi-unit building.

    Property size:
    7,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This unique 7,200 square foot mixed-use property located at 418 2nd Street, Gladbrook, IA, presents a compelling investment opportunity. Situated on a 0.07-acre lot, the building offers a diverse range of income streams. The main floor comprises two offices, a barber shop, and restrooms, providing immediate rental income potential. Upstairs, the property boasts three apartments: one two-bedroom unit and two one-bedroom units. Recent updates have been made to both the apartments and the building itself, enhancing their appeal and value. A convenient coin-operated laundry adds another revenue stream. The property also features ample parking spaces located at the rear, along with a useful deck area. This versatile property is ideal for an investor seeking a blend of commercial and residential income, offering a strong return on investment with its established tenant base and diverse income streams. The property's location in Gladbrook, IA, provides easy access to local amenities and services. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. Don't miss out on this chance to expand your portfolio with a truly unique and profitable investment.

    Property Features for 418 2Nd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,200 SF
    Lot Size
    3,049 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bowman & Miller PC Accountant

    Suggested Use

    Realty agency Law Firm Spa & Massage Hair Salon Wholesale Shop Auto Repair Shop Nail Salon Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gladbrook
    County
    Tama
    State
    Iowa
    Longitude
    -92.71425
    Latitude
    42.1874

    Nearby Similar for Sale

    • $440,000

      Established Auto Parts Business

      Turn-key auto parts business opportunity in downtown Gladbrook, Iowa.
      322 2Nd St, Gladbrook, IA 50635
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Gladbrook investment opportunity! High-yield multi-unit building.
    Where is this commercial real estate located?
    The property is located at 418 2Nd St Gladbrook, IA.
    What is the asking price?
    The asking price for this property is $63,950.
    Request Owner's contact information
    418 2Nd St Gladbrook, IA 50635
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    418 2Nd St
    Gladbrook, IA 50635
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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
    418 2Nd St Gladbrook, IA 50635
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