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    711 New York Ave Creston, IA 50801

    Sponsored
    For Sale
    $69,000

    Highway 34 storefront & warehouse

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This versatile Creston, IA commercial property, situated on heavily trafficked Highway 34, presents a unique investment opportunity. The building boasts a main area ideal for a mechanic's shop or similar business, featuring high ceilings and durable concrete floors. A separate front office and customer area provide excellent space for client interaction and administrative tasks. Adding significant value is a substantial 1200 square foot warehouse located at the rear of the structure, perfect for storage or expansion. The property's location on Highway 34 ensures high visibility and accessibility, benefiting from the substantial commercial and residential traffic flow in southwest Iowa. Nearby businesses include convenience stores, retail giants like Walmart, banking institutions, gas stations, and fast-food restaurants, creating a thriving commercial environment. Low annual property taxes of only $1,102 further enhance the financial appeal. The property is being sold in its current "as is" condition, offering a blank canvas for a buyer's vision and customization. This presents a rare chance to acquire a well-positioned commercial space with significant potential in a bustling southwest Iowa community. The combination of storefront, workshop, and warehouse space makes this property suitable for a wide range of business ventures.

    Property Features for 711 New York Ave

    General Information

    Property type
    Investment properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Nail Salon Clothing Store Gym & Fitness Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Creston
    County
    Union
    State
    Iowa
    Longitude
    -94.38341
    Latitude
    41.04287

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    FAQs

    What type of property is this?
    Investment property - Highway 34 storefront & warehouse
    Where is this investment property located?
    The property is located at 711 New York Ave Creston, IA.
    What is the asking price?
    The asking price for this property is $69,000.
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    711 New York Ave Creston, IA 50801
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    Creston, IA 50801
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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
    711 New York Ave Creston, IA 50801
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