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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

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    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.
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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
    118 Grand St Chariton, IA 50049
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