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    540 2Nd St Traer, IA 50675

    For Sale
    $52,500

    Prime Office/Retail, Garage Included

    Property size:
    1,760 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 1,760 square foot commercial property, located at 540 2nd Street in the vibrant downtown area of Traer, Iowa, presents a fantastic opportunity for a variety of businesses. The building boasts a highly desirable blend of office and retail space, perfectly suited for a range of uses. The main level features a welcoming reception area, ideal for client interaction, along with three private offices providing ample space for individual work or team collaboration. A secure vault offers added security for sensitive documents or valuable items. A versatile conference room/break room provides a comfortable space for meetings or employee breaks. The property also includes substantial storage space located in the basement, offering additional flexibility and practicality. Adding to the property's appeal is a convenient attached two-stall garage, providing secure parking and extra storage. The property sits on a 0.05-acre lot, offering a manageable footprint in a thriving downtown location. Priced competitively at $52,500, this property represents an excellent investment opportunity in a dynamic Iowa community. The combination of prime location, versatile space, and convenient amenities makes this a truly exceptional offering. Don't miss the chance to own this well-maintained and functional commercial space in the heart of Traer.

    Property Features for 540 2Nd St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,760 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Mutual Insurance ... Insurance Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Traer
    County
    Tama
    State
    Iowa
    Longitude
    -92.46615
    Latitude
    42.19369

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    • New
      $1,268,000
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      Tama County Farmland Opportunity

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Office/Retail, Garage Included
    Where is this commercial real estate located?
    The property is located at 540 2Nd St Traer, IA.
    What is the asking price?
    The asking price for this property is $52,500.
    (319) 478-2990
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    540 2Nd St Traer, IA 50675
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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
    540 2Nd St Traer, IA 50675
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