Mixed-Use Building with
New
For Sale
$190,000
115 E Main Street, Cherokee, IA 51012
Commercial, Cherokee, IA
Property SizeContact for details
Lot Size0.07 Acres
Days on Market5
Property Features for 115 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Google Maps
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
APN
0734209007
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E29' LOT 4 BLK 14 LEBOURVEAUS ADD 6420
Tax Annual Amount
2184
Legal Description
E29' LOT 4 BLK 14 LEBOURVEAUS ADD 6420
Building Details
Year built
1919
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 22 at 3:06PM
MLS# 834684
Copyright © 2026 Northwest 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.
Investment Insights
Based on property information with market context.
This mixed-use property combines two leased commercial spaces at street level with three apartments on the upper floor. The configuration places retail or service space and residential accommodations within the same building, supporting multiple occupancy types under one ownership structure.
Located at 115 E Main Street in downtown Cherokee, the property is positioned along Main Street within the city’s commercial core. The building occupies 0.07 acres and was constructed in 1919, offering an established downtown asset with both commercial and residential components.
Located at 115 E Main Street in downtown Cherokee, the property is positioned along Main Street within the city’s commercial core. The building occupies 0.07 acres and was constructed in 1919, offering an established downtown asset with both commercial and residential components.
Key Highlights
- Two fully leased commercial spaces on the ground floor
- Three residential apartments above the commercial spaces
- Located at 115 E Main Street in downtown Cherokee
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Explore this area
Business Placement
Demographics for 51012, IA
6,592
Population
2,889
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
93%
High-School Grad
147.7 sq mi
ZIP Area
45
Density / Sq Mi
$56,964
Median Household Income
$33,141
Median Earnings
$725
Median Rent
$127,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial suites are leased, with residential units above.
Where is this mixed-use property located?
The property is located at 115 E Main Street Cherokee, IA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two fully leased commercial spaces on the ground floor; Three residential apartments above the commercial spaces; Located at 115 E Main Street in downtown Cherokee
