Building Details

Year built 1919

Listing Agency: Gateway Real Estate Advisors Show Phone

Listed By: Nic Madsen · License #S67281000 Show Phone

Added: Sep 18 Changed: Sep 23 Last Checked: Sep 25 at 11:06AM

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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.

Built in 1919, this mixed-use property at 115 E Main Street combines two commercial spaces on the ground floor with three residential apartments above. The commercial units are fully leased, while the upper-level apartments provide additional residential rental space within the same building.

The property sits on 0.07 acres in downtown Cherokee, with a Main Street address and commercial storefront configuration. Its layout brings retail or other commercial occupancy together with multifamily residential use in one asset.

Key Highlights

• Two fully leased commercial spaces on the ground floor
• Three residential apartments above the commercial spaces
• Mixed‑use building located at 115 E Main Street in downtown Cherokee

Property Analytics

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Current Use

Headlines Hair & Nail ... Nail Salon Unwined Massage Therapy Alternative Medicine Practice

Suggested Use

Top Pick Dental Office Bakery Plumbing Service HVAC Service Skin Care Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Downtown building combines leased commercial space 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; Mixed‑use building located at 115 E Main Street in downtown Cherokee