Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Historic Mixed-Use Building in Jefferson Title is generated by Realmo AI

    104 N Wilson Avenue, Jefferson, IA 50129

    View on Map
    Claim this Listing
    For Sale
    $250,000

    SINGLE_FAMILY - Jefferson, IA

    Type:Retail
    Lot size:
    0.07 Acres
    Added:
    Apr 14, 2025
    Days on Market:
    403
    Last Refresh:
    May 21 at 2:06 pm

    Property Features for 104 N Wilson Avenue

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C
    Standard status
    Active
    APN
    1108164010
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Description
    N1/3 LOT 144 BLK 19
    Tax Annual Amount
    2032

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1929
    Architectural style
    Other

    We can help!

    Listing Contact
    Zack Cregeen
    Zack Cregeen

    Listing agent Zack Cregeen License #S64139

    Listing office RE/MAX Concepts 905 W Bridge Rd, IA

    Listing date Apr 14, 2025

    MLS# 715638

    Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in the heart of the Jefferson Square Commercial Historic District
    • Includes a commercial storefront suitable for retail or office use
    • Features two spacious apartments for potential rental income or owner occupancy
    • Downtown Jefferson is a Great American Main Street Award Winner
    • Historic character with building built in 1929
    • Heating: Natural Gas, Forced Air; Cooling: Central Air

    Overview

    Located in the heart of the Jefferson Square Commercial Historic District, this three-story building offers a blend of commercial and residential spaces. The ground floor features a commercial storefront suitable for retail or office use. The upper two levels contain two apartments, providing potential rental income or owner-occupant living arrangements. The property is situated in downtown Jefferson, a Great American Main Street Award winner. The lot size is 0.07 acres. The zoning is C. The apartments rent for $600 each, and the commercial lease is $1000. This property must be sold with the property located at 106 N Wilson street in Jefferson. The price reflects both properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vault Nutrition Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson
    County
    Greene
    State
    Iowa
    Longitude
    -94.375137
    Latitude
    42.015547

    Nearby Similar for Sale

    • $210,000
      3,764 SF

      Former Funeral Home For Sale

      Commercial building suitable for retail, office, or religious organizations.
      403 N Elm Street, Jefferson, IA 50129
      View Details
    • $210,000
      3,764 SF

      Former Funeral Home in Jefferson

      Versatile commercial building suitable for retail, office, or religious use.
      403 N Elm Street, Jefferson, IA 50129
      View Details
    • $299,000
      1,889 SF

      Former Drive-Thru Restaurant For Sale

      Former Dairy Queen restaurant with drive-thru, ideal for redevelopment.
      507 N Elm Street, Jefferson, IA 50129
      View Details
    • $250,000
      5,764 SF

      Jefferson Iowa Retail Opportunity

      Retail property for sale in Jefferson, Iowa.
      106 North Wilson Avenue, Jefferson, IA 50129,
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Charming mixed-use property in revitalizing downtown Jefferson.
    Where is this mixed-use property located?
    The property is located at 104 N Wilson Avenue Jefferson, IA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime location in the heart of the Jefferson Square Commercial Historic District; Includes a commercial storefront suitable for retail or office use; Features two spacious apartments for potential rental income or owner occupancy
    (515) 984-0222
    We can help!
    Listing Contact
    Zack Cregeen
    Zack Cregeen
    Real Estate License ID: S64139
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    104 N Wilson Avenue, Jefferson, IA 50129
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!