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Four-Unit Mixed-Use Property
For Sale
$299,900

118 W Jefferson Street, Winterset, IA 50273

CommercialSale, Winterset, IA

Property SizeContact for details
Lot Size0.16 Acres
Days on Market31

Property Features for 118 W Jefferson Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning comm
Elementary school district Winterset
Middle school district Winterset
High school district Winterset
Directions south on JWD to Jefferson, West to property
Subdivision Winterset
Standard status Active
APN 828000118072100
Lot size 0.16 Acres

Taxes and HOA fees

Tax Description LOTS 3 BLK 18 ORIGINAL EX PAR V
Tax Annual Amount 2842
Legal Description LOTS 3 BLK 18 ORIGINAL EX PAR V

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1920
Building materials Brick
Roof type Rubber
Listing Agency: Homefront Real Estate, LLC
Listed By: Sarah Cowman
Added: Jul 24 Changed: Aug 19 Last Checked: Aug 23 at 6:06AM
MLS# 745905

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. 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 1920, this brick mixed-use property contains four rental units and is currently fully occupied. The commercial component includes a barber shop, screen printing operation, and H&R Block office, while the upper level provides a two-bedroom apartment. The building has central air, natural-gas forced-air heat, a rubber roof, and public water service.

The property sits adjacent to Winterset’s historic downtown square at 118 W Jefferson Street. A parking lot with leased spaces is also included. The 0.1562-acre site carries commercial zoning and offers a combination of business and residential occupancy within one established building.

Key Highlights

  • Four rental units with current full occupancy
  • Three commercial occupants: barber shop, screen printing business, and H&R Block
  • Upstairs two‑bedroom apartment

Property Analytics

Current Use

H&R Block Tax Preparation

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Carpet & Flooring Store Electrical Service Kitchen & Bath Showroom Plumbing Service

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

562
Businesses Nearby
45k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 53% Groceries 33% Dining 14%
Hy-Vee Groceries
15,066 visits/mo 0.5 miles
Kum & Go Shops & Services
9,389 visits/mo 0.2 miles
Dollar Tree Shops & Services
6,930 visits/mo 0.4 miles
Winterset #1 Shops & Services
6,904 visits/mo 0.5 miles
Mi Pueblito Dining
3,772 visits/mo 0.2 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Fully occupied building combines three commercial spaces with an upstairs two-bedroom apartment.
Where is this mixed-use property located?
The property is located at 118 W Jefferson Street Winterset, IA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Four rental units with current full occupancy; Three commercial occupants: barber shop, screen printing business, and H&R Block; Upstairs two‑bedroom apartment
More about this property
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