Building Details

Year Built 1900

Tenancy Multi

Listing Agency: Iowa Realty Altoona Show Phone

Listed By: Jodie Hawley Show Phone

Source: Prometrorealty

Added: Oct 1 Changed: Nov 1 Last Checked: Nov 3 at 8:39AM

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Investment Insights

Based on property information with market context.

Built in 1900, this 4,000-square-foot mixed-use property has retail space on the main level and three apartments upstairs. The residential mix consists of two one-bedroom, one-bath units and one two-bedroom, one-bath unit. Tenants are in place, and the retail space is under a long-term lease.

Located in Colfax, Iowa, the property brings commercial and residential rental uses together at 12 W Howard Street.

Key Highlights

• 4,000‑square‑foot mixed‑use property built in 1900
• Three upper‑level apartments: two one‑bedroom, one‑bath units and one two‑bedroom, one‑bath unit
• Main‑level retail space with a long‑term lease

Property Analytics

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

Open Analytics

Current Use

Gold Lithia Disposal ... Corporate Office

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Restaurant HVAC Service Hair Salon

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

162

Businesses Nearby

Explore this area Business Placement

Demographics for 50054, IA

3,471

Population

1,250

Households

2.8

Avg Household Size

42

Median Age

24%

College-Educated

95%

High-School Grad

61.0 sq mi

ZIP Area

57

Density / Sq Mi

$91,204

Median Household Income

$46,154

Median Earnings

$842

Median Rent

$197,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-floor retail with a long-term lease sits below three apartments in a single building.

Where is this mixed-use property located?

The property is located at 12 W Howard Street Colfax, 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: 4,000‑square‑foot mixed‑use property built in 1900; Three upper‑level apartments: two one‑bedroom, one‑bath units and one two‑bedroom, one‑bath unit; Main‑level retail space with a long‑term lease