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Mixed-Use Property with Garage
New
For Sale
$169,000

118 W Center Street, Monona, IA 52159

Commercial space, two restored apartments, and a garage create a flexible downtown income-producing configuration.

Property Size2,000 SF
Price / SF$84.50
Days on Market6

Property Features for 118 W Center Street

General Information

Standard status Active
Size 2,000 SF
Property subtype Commercial
Zoning commercial

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,244

Amenities

garage
0.08
2000

Building Details

Building Size 2,000 SF
Year Built 1922
Listing Agency: IOWA REALTY COMMERCIAL
Listed By: Tatiana McClinton
Source: Pinnaclerealtyia
Added: Aug 16 Changed: Aug 21 Last Checked: Aug 21 at 4:31AM

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 IOWA REALTY COMMERCIAL

Investment Insights

Based on property information with market context.

Built in 1922, this 2,000-square-foot mixed-use property combines commercial and residential components within one building. The main level provides flexible commercial space for retail, office, or other business use, while the upper level contains two completely restored apartments. A garage adds storage, parking, or supplemental functional space.

Located in downtown Monona at 118 W Center Street, the property carries commercial zoning and supports multiple uses under one roof. Its configuration allows an owner to operate a business on the main level while maintaining residential units above, or hold the commercial and apartment spaces as separate income-producing components.

Key Highlights

  • 2,000‑square‑foot mixed‑use property in downtown Monona
  • Main‑level commercial space suitable for retail or office use
  • Two completely restored apartments on the upper level

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Plumbing Service Storage Facility Garden Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Butcher

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

167
Businesses Nearby

Demographics for 52159, IA

2,232
Population
1,232
Households
1.8
Avg Household Size
41
Median Age
13%
College-Educated
96%
High-School Grad
72.8 sq mi
ZIP Area
31
Density / Sq Mi
$71,136
Median Household Income
$45,671
Median Earnings
$861
Median Rent
$149,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial space, two restored apartments, and a garage create a flexible downtown income-producing configuration.
Where is this mixed-use property located?
The property is located at 118 W Center Street Monona, IA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 2,000‑square‑foot mixed‑use property in downtown Monona; Main‑level commercial space suitable for retail or office use; Two completely restored apartments on the upper level
More about this property
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