Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    600 Main St Leon, IA 50144

    For Sale
    $199,999

    Five-unit building, fully occupied, excellent investment.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents a fully occupied, five-unit commercial building located at 600 S Main Street in Leon, Iowa. The property is legally configured as a five-family dwelling, indicating strong potential for consistent rental income. The structure itself is noted for its high-quality construction, suggesting durability and longevity. Given its current occupancy status, this property offers immediate cash flow for the new owner. Prospective buyers should be prepared to provide proof of funds, a pre-qualification letter, and execute a non-disclosure agreement prior to scheduling a showing. Due to the fully occupied nature of the building, a 72-hour notice is required for all showings, and the owner must be present. Direct communication with tenants regarding the potential sale is strictly prohibited. The property is offered at $199,999. This presents a rare opportunity to acquire a well-maintained, income-generating property in a stable market. Serious inquiries only. The lot size is not specified.

    Property Features for 600 Main St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Leon
    County
    Decatur
    State
    Iowa
    Longitude
    -93.74742
    Latitude
    40.73576

    Nearby Comparable

    • $249,999

      Well-Constructed, Occupied 5-Family Building

      Legal 5-family building in Leon, Iowa, fully occupied.
      600 S Main St, Leon, IA 50144
      View Details
    • $199,999
      1,900 SF

      Leon, Iowa Triplex For Sale

      Residential income property in Leon, Iowa, with owner financing.
      201 SE Locust St, Leon, IA 50144
      View Details
    • $180,000
      0.39 Acres

      Versatile Commercial Building in Leon, Iowa

      Commercial building on 0.385 acres, suitable for business or storage.
      901 1St St W, Leon, IA 50144
      View Details
    • Contact for pricing
      16.50 Acres

      16 Acres in Leon, Iowa

      16-acre property in Leon, Iowa, with Little River access.
      NW 6Th St, Leon, IA 50144
      View Details
    • $950,000
      17,192 SF

      Leon, IA Commercial Building

      Spacious Commercial Building, 5 Acres
      18189 Us Highway 69, Leon, IA 50144
      View Details
    • $485,000
      4,800 SF

      Turnkey Restaurant & Commercial Building

      Turnkey restaurant and commercial building for sale in Decatur, Iowa.
      304 Vine E, Decatur, IA 50067
      View Details

    Nearby Similar for Sale

    • $180,000
      0.39 Acres

      Versatile Commercial Building in Leon, Iowa

      Commercial building on 0.385 acres, suitable for business or storage.
      901 1St St W, Leon, IA 50144
      View Details
    • $199,999
      1,900 SF

      Leon, Iowa Triplex For Sale

      Residential income property in Leon, Iowa, with owner financing.
      201 SE Locust St, Leon, IA 50144
      View Details
    • $249,999

      Well-Constructed, Occupied 5-Family Building

      Legal 5-family building in Leon, Iowa, fully occupied.
      600 S Main St, Leon, IA 50144
      View Details
    • $950,000
      17,192 SF

      Leon, IA Commercial Building

      Spacious Commercial Building, 5 Acres
      18189 Us Highway 69, Leon, IA 50144
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Five-unit building, fully occupied, excellent investment.
    Where is this commercial real estate located?
    The property is located at 600 Main St Leon, IA.
    What is the asking price?
    The asking price for this property is $199,999.
    Request Owner's contact information
    600 Main St Leon, IA 50144
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 Main St
    Leon, IA 50144
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    600 Main St Leon, IA 50144
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.