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Updated Storefront Building

119 S 3rd Street, Knoxville, IA 50138

For Sale
$79,900

CommercialSale, Knoxville, IA

Property SizeContact for details
Lot Size0.03 Acres
Days on Market857

Property Features for 119 S 3rd Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning C-4
Elementary school district Knoxville
Middle school district Knoxville
High school district Knoxville
Directions East side of Third Street between Main & Robinson Streets
Subdivision Knoxville
Standard status Active
APN 000000842766000 & 0842765005
Lot size 0.03 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description ORIG BLK 1 LOT 2 S15' EXC E40' & ORIG BLK 1 LOT 2 W15' OF E40' OF S1/2 (7-75-19
Tax Annual Amount 802
Legal Description ORIG BLK 1 LOT 2 S15' EXC E40' & ORIG BLK 1 LOT 2 W15' OF E40' OF S1/2 (7-75-19

Utilities

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

Amenities

Covered/Screened area

Building Details

Year built 1900
Buildings 1
Listing Agency: Iowa Realty Knoxville
Listed By: Hannah Killoren
Added: Jul 11, 2024 Changed: Oct 23 Last Checked: Nov 14 at 8:06AM
MLS# 698950

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.

Rey
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Investment Insights

Based on property information with market context.

This storefront property presents an open commercial area with a small loft toward the rear and a basement used for mechanical equipment and storage. The front facade received updates in recent years, including work completed in 2023. A covered and screened area extends into the rear outdoor space. The property also includes a shared stairway serving the upper level and a hallway shared with the adjoining building.

Positioned on the eastern side of the Knoxville town square, the building carries C-4 zoning. Heating is provided by forced-air natural gas, with central air conditioning. Public water and public sewer serve the property. The building dates to 1900, and future usage requirements are subject to buyer due diligence with the City of Knoxville and related entities.

Key Highlights

  • C‑4 zoning in Knoxville
  • Front facade updated in recent years, including improvements in 2023
  • Open commercial area with a small rear loft

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Gibson Jewelry (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Auto Parts Store Pharmacy Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

452
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 85% Dining 15%
Phillips 66 Shops & Services
3,059 visits/mo 0.3 miles
Wells Fargo Shops & Services
2,752 visits/mo 0.1 miles
Peace, Love & Little Donuts Dining
987 visits/mo 0.2 miles

Demographics for 50138, IA

11,631
Population
5,181
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
168.1 sq mi
ZIP Area
69
Density / Sq Mi
$76,887
Median Household Income
$46,580
Median Earnings
$815
Median Rent
$169,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Marsh's Garden — 601 S 3rd St, Knoxville, IA 50138
  • Blooms of Iowa, LLC — 213 E Main St #103, Knoxville, IA 50138

Frequently Asked Questions

What type of property is this?
Storefront property - Open commercial space includes a rear loft, basement storage, and covered outdoor area.
Where is this storefront property located?
The property is located at 119 S 3rd Street Knoxville, IA.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: C‑4 zoning in Knoxville; Front facade updated in recent years, including improvements in 2023; Open commercial area with a small rear loft
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