Commercial Investment Property in
For Sale
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115 E Washington St, Winterset, IA 50273
Fully leased commercial property with strong revenue and high visibility.
Property Size7,920 SF
Price / SF$97.85
Days on Market200
Property Features for 115 E Washington St
General Information
Standard status
Active
Size
7,920 SF
Property subtype
Mixed Use, Office, Retail
Zoning
Commercial
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$57,386
Building Details
Year Built
1960
Buildings
1
Stories
1
Units
3
Listing Agency:
RE/MAX Precision
(319) 430-5523
Listed By:
Jeff Longman · License #S71773000
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Aug 11 at 7:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Precision
Investment Insights
Based on property information with market context.
This commercial investment property is located in Winterset, across the street from the John Wayne Birthplace & Museum and one block from the historic town square. The property is fully leased with three retail tenants, generating strong annual revenue and a healthy capitalization rate. The building is in great condition and features a large parking lot, exterior safety/security lighting, ADA access, and modern signage. The location offers high traffic and visibility. Winterset is known for its historic covered bridges, and holiday festivals. Winterset is the county seat of Madison County. The City of Winterset has a population of 5,421, and Madison County has a population of 17,161. The Winterset median household income is $72,822, with the majority of households in town earning between $75,000-$100,000. The Madison County median household income is $89,542. Each tenant is on a separate water meter. The property size is 7,920 square feet.
Key Highlights
- Fully leased commercial property with strong annual revenue and a healthy capitalization rate.
- High traffic and visibility location** across from the John Wayne Birthplace & Museum and one block from the historic town square.
- Building in great condition** with a large parking lot, exterior safety/security lighting, ADA access, and modern signage.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 50273, IA
8,570
Population
3,927
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
96%
High-School Grad
195.2 sq mi
ZIP Area
44
Density / Sq Mi
$80,018
Median Household Income
$48,149
Median Earnings
$948
Median Rent
$216,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased commercial property with strong revenue and high visibility.
Where is this mixed-use property located?
The property is located at 115 E Washington St Winterset, IA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Fully leased commercial property with strong annual revenue and a healthy capitalization rate.; High traffic and visibility location** across from the John Wayne Birthplace & Museum and one block from the historic town square.; Building in great condition** with a large parking lot, exterior safety/security lighting, ADA access, and modern signage.
