Office Units with Private
109 Main Street N, Wheatland, IA 52777
For Sale
$175,000
Commercial, Wheatland, IA
Property Size1,600 SF
Lot Size0.14 Acres
Price / SF$109.38
Days on Market50
Property Features for 109 Main Street N
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
private offices
reception area
conference area
bathrooms
natural light
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Legacy Group · Keller Williams Realty
Listed By:
Michelle Bennett
(319) 423-4139
Added: Sep 21
Changed: Oct 19
Last Checked: Nov 9 at 11:06PM
MLS# 2606460
Copyright © 2026 Cedar Rapids Area Association 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.
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Investment Insights
Based on property information with market context.
This 1,600-square-foot office property at 109 Main Street N includes private offices, a reception area, and conference space. The layout also provides two bathrooms, carpeted flooring, and natural light throughout. Built in 1980, the building has a metal roof and is identified with commercial zoning.
The property is located in Wheatland, Iowa, with schools positioned at the end of the street. Its office configuration offers defined work areas alongside shared reception and meeting space.
The property is located in Wheatland, Iowa, with schools positioned at the end of the street. Its office configuration offers defined work areas alongside shared reception and meeting space.
Key Highlights
- 1,600‑square‑foot office property at 109 Main Street N
- Private offices with reception and conference areas
- Two bathrooms and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,479
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,580
$209.6K
Cap Rate 7%
$149,700
$149.7K
Cap Rate 9%
$116,433
$116.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$18.4K $11.52/SF
− Vacancy
−$4.5K −$2.79/SF
EGI
$14.0K $8.73/SF
− OpEx
−$3.5K −$2.18/SF
NOI
$10.5K $6.55/SF
Area
Clinton County, IA
Vacancy
24.20%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,580
Cap Rate 7%
$149,700
Cap Rate 9%
$116,433
Alternative Uses
Best Use
Office B
$149.7K
$131.0K – $174.7K
NOI $10,479 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$235.3K
$205.9K – $274.5K
NOI $16,470 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 52777, IA
1,322
Population
618
Households
2.1
Avg Household Size
42
Median Age
14%
College-Educated
94%
High-School Grad
55.8 sq mi
ZIP Area
24
Density / Sq Mi
$47,250
Median Household Income
$33,510
Median Earnings
$788
Median Rent
$142,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Commercially zoned office property with reception, conference space, two bathrooms, and abundant natural light.
Where is this office unit located?
The property is located at 109 Main Street N Wheatland, IA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,600‑square‑foot office property at 109 Main Street N; Private offices with reception and conference areas; Two bathrooms and abundant natural light
