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    395 Iowa Ave Martensdale, IA 50160

    For Sale
    $110,000

    Versatile Commercial Space, Excellent Condition

    Property size:
    1,650 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This 1,650 square foot commercial building, located at 395 Iowa Avenue in Martensdale, Iowa, presents a unique opportunity for a variety of businesses. Situated on a 0.09-acre lot, the property boasts a recently renovated interior, including new ceilings and paint in the main area, and two updated public restrooms with new toilets. The building features a substantial kitchen, ideal for food service operations, complete with a restaurant-style range on rollers, a work sink, and ample space. A large meeting area provides flexibility for various uses. Additional features include a sizable storage room, two refrigerators, a freezer, and a dishwasher sanitizer. The building's mechanical systems are well-maintained, with a furnace approximately 10 years old, and significant exterior improvements have been made, including newer windows, siding, and roofing. The property's previous use as a Lyons Club facility speaks to its adaptability and suitability for a range of commercial ventures, including but not limited to daycare centers, restaurants, offices, or retail shops. The asking price is $110,000. This is a move-in ready property with significant recent upgrades, offering immediate occupancy and potential for immediate revenue generation. The combination of updated amenities and versatile space makes this an attractive investment opportunity.

    Property Features for 395 Iowa Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,650 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Martensdale Lions Club Charity

    Suggested Use

    Restaurant Auto Repair Shop Electronics Store Convenience Store Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Martensdale
    County
    Warren
    State
    Iowa
    Longitude
    -93.73898
    Latitude
    41.37392

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Space, Excellent Condition
    Where is this commercial real estate located?
    The property is located at 395 Iowa Ave Martensdale, IA.
    What is the asking price?
    The asking price for this property is $110,000.
    (877) 366-2213
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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
    395 Iowa Ave Martensdale, IA 50160
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