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118 Grand St Chariton, IA 50049

For Sale
$137,500

Mixed-use building, high rental income.

Property size:
3,600 SF

Description

Added:
Feb 3, 2025
Days on Market:
308
This exceptional mixed-use property, situated on the east side of Chariton's historic square, presents a compelling investment opportunity. Built in 1895, the two-story structure boasts 3,600 square feet of space, recently enhanced with significant exterior improvements. The entire front facade has undergone tuckpointing, with upper-level windows, street-level glass, and decorative carvings receiving fresh paint. A new sidewalk complements these upgrades. The main level, ideal for commercial use, features approximately 2,400 square feet of space, commercial-grade carpeting, two half-bathrooms, and a kitchenette. Three mini-split air conditioning units were installed within the last year, ensuring climate control. The upper level comprises a three-bedroom apartment, complete with a spacious oak eat-in kitchen, a full bathroom, a half-bathroom, and laundry facilities (washer and dryer). This apartment benefits from its own separate central heating and air conditioning system. The property has a consistent rental history, demonstrating its strong income potential. This meticulously maintained building offers unlimited potential for a savvy investor seeking a blend of commercial and residential income streams in a desirable historic location. The property sits on a 0-acre lot. The asking price is $137,500.

Property Features for 118 Grand St

General Information

Property type
Mixed-use properties
Square Feet
3,600 SF

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Mixed-use properties

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
Chariton
County
Lucas
State
Iowa
Longitude
-93.30652
Latitude
41.01512

FAQs

What type of property is this?
Mixed-use property - Mixed-use building, high rental income.
Where is this mixed-use property located?
The property is located at 118 Grand St Chariton, IA.
What is the asking price?
The asking price for this property is $137,500.
More about this property
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