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    28331 Highway 5 Cincinnati, IA 52549

    For Sale
    $320,000

    Prime Cincinnati, IA Business Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 3.1-acre commercial property at 28331 Highway 5 in Cincinnati, Iowa, presents a unique investment opportunity. Boasting significant highway frontage, this versatile site offers endless possibilities for a variety of businesses. The property includes a substantial metal building/shop, constructed in 2002, encompassing over 4700 square feet. Previously utilized as an automotive shop and more recently as an auction house, this adaptable space is ready for its next chapter. While the exact square footage of the main building isn't specified, its ample size and layout provide significant potential. The property's 3.1-acre lot (with a survey pending to reflect the removal of some storage units) offers ample room for expansion, parking, or outdoor operations. Note that the red barn on the property is slated for removal. The property's location on Highway 5 ensures high visibility and convenient access for customers and employees. This is a rare chance to acquire a well-situated commercial property with substantial building space and significant acreage in a desirable location. The seller is retaining certain storage units, and a survey will be conducted to accurately reflect the final acreage. Don't miss this chance to capitalize on this prime commercial real estate.

    Property Features for 28331 Highway 5

    General Information

    Property type
    Other commercial real estate
    Lot Size
    135,036 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Appanoose
    State
    Iowa
    Longitude
    -92.90102
    Latitude
    40.63355

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    Nearby Similar for Sale

    • $215,000
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      Versatile Commercial Space on Highway

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Cincinnati, IA Business Opportunity
    Where is this commercial real estate located?
    The property is located at 28331 Highway 5 Cincinnati, IA.
    What is the asking price?
    The asking price for this property is $320,000.
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    28331 Highway 5 Cincinnati, IA 52549
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    Cincinnati, IA 52549
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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
    28331 Highway 5 Cincinnati, IA 52549
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