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    Waukon Mixed-Use Shop Property Title is generated by Realmo AI

    106 NW 1 Avenue, Waukon, IA 52172

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    For Sale
    $225,000

    COMMERCIAL - Waukon, IA

    Type:Office
    Lot size:
    0.08 Acres
    Added:
    Jan 15, 2026
    Days on Market:
    132
    Last Refresh:
    May 27 at 4:06 pm

    Property Features for 106 NW 1 Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    C-R
    Standard status
    Active
    APN
    1030454001
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    W 20', E 75', N 90' LOT 2, W 7.5', N 66' LOT 2 & E 14.5' BLK 1 P SHATT ADD; E 14.5' OF N 66' LOT 3 BLK 1 ARMSTRONG'S ADD
    Tax Annual Amount
    845

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer

    Building Details

    Year built
    1942
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    John Sweeney, CCIM

    Listing agent John Sweeney, CCIM License #S59906

    Listing office Sweeney Real Estate 600 Rossville Rd., Waukon, IA

    Listing date Jan 15, 2026

    MLS# 20260256

    Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Shop with on‑site living quarters offers flexibility for owner‑users or investors.
    • Main shop features a 16‑foot overhead door and 20‑foot ceiling clearance.
    • Recently renovated with new plumbing and electrical systems.
    • Secondary bay with 8‑foot overhead door provides ample storage space.
    • Durable, low‑maintenance metal exterior and roof.
    • Walking distance to downtown with convenient access.

    Overview

    This unique shop property includes on-site living quarters, offering flexibility for owner-users or investors. The main shop features a 16-foot overhead door and a 20-foot ceiling clearance, accommodating a Class B straight truck. A secondary bay includes an 8-foot overhead door and extends the full length of the building, providing additional garage or storage space. The property is currently zoned B1. The second floor offers a bright, open-concept living area with room for expansion, allowing for additional finished square footage. The entire building has been recently renovated, including new plumbing and electrical systems, and is fully wrapped in metal for durability and low maintenance. The property is located in Waukon, Iowa, within walking distance to downtown, offering convenient access without the congestion of main-artery traffic. The lot size is 0.08 acres. This property offers a combination of shop or storage space with residential living, or to capitalize on demand for both storage and rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    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
    Waukon
    County
    Allamakee
    State
    Iowa
    Longitude
    -91.478319
    Latitude
    43.269973

    Nearby Similar for Sale

    • $199,000

      Bowling Center in Waukon, Iowa

      Allamakee County bowling center with food and beverage operation.
      601 Rossville Road, Waukon, IA 52172
      View Details
    • $199,000
      7,042 SF

      Waukon Bowling Center For Sale

      Bowling center with food and beverage operation in Allamakee County.
      601 Rossville Road, Waukon, IA 52172
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Unique shop with living quarters, ideal for owner-users or investors.
    Where is this mixed-use property located?
    The property is located at 106 NW 1 Avenue Waukon, IA.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Shop with on‑site living quarters offers flexibility for owner‑users or investors.; Main shop **features a 16‑foot overhead door and 20‑foot ceiling clearance.**; Recently renovated with new plumbing and electrical systems.
    (563) 568-4170
    We can help!
    Listing Contact
    John Sweeney, CCIM
    Real Estate License ID: S59906
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    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.

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