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    Mixed-Use Investment in Downtown Indianola Title is generated by Realmo AI

    120 N Howard Street, Indianola, IA 50125

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    Claim this Listing
    For Sale
    $350,000

    MULTI_FAMILY - Other - Indianola, IA

    Property size:
    2,400 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $145/SF
    Added:
    May 12, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 27 at 11:06 pm

    Property Features for 120 N Howard Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C/MR
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4
    Appliances
    Refrigerator, Stove
    Standard status
    Active
    APN
    48020120090
    Size
    2,400 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    25-76-24 INDIANOLA OTP LOT 9 BLK 12
    Tax Annual Amount
    3266

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Central Air, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Carpet, Laminate
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Contact an agent
    Ryan Rivera
    Ryan Rivera

    Listing agent Ryan Rivera

    Listing office Zealty Home Advisors 2524 Post Street, West Des Moines, IA

    Listing date May 12, 2026

    MLS# 740604 Listing URL

    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.

    HighLights

    • Mixed‑use property at 120 N Howard Street with 1 ground‑floor commercial space and 3 upper apartments
    • Apartment mix: two 1‑bedroom units and one 2‑bedroom unit; each unit includes a kitchen, living area, and bathroom
    • Gross rent listed at $3,325/month, with a long‑term commercial tenant of nearly 10 years
    • Separate electric and gas meters for each unit; tenants pay electric and gas utilities
    • Landlord pays water and trash, plus taxes; public water and public sewer
    • Brick construction with rubber roof; newer vinyl windows, electric baseboard heat, and central air plus window unit(s)

    Overview

    This mixed-use property is located in downtown Indianola. The property at 120 N Howard Street features a main-level commercial space with a long-term tenant of nearly 10 years, plus three upper-level apartments. The apartments consist of two 1-bedroom units and one 2-bedroom unit. Each apartment includes a kitchen, living room and bathroom. There is one ground floor commercial space. Additional income potential comes from a bonus storage space currently leased by a long-term tenant. The property features newer vinyl windows and electric baseboard heat. Each unit has separate electric and gas meters, with tenants paying their own electric and gas utilities. The landlord pays for water, trash, and taxes. The property is located directly across from the new Warren County Courthouse and on the town square, offering visibility and convenience near dining, nightlife, shopping, and Simpson College. Street parking is available. The property has a strong rental history and is zoned C/MR. The lot size is 0.1033 acres and the property size is 2400 square feet. The gross rent is $3,325 per month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tiny Tots to Teens Discount Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianola
    County
    Warren
    State
    Iowa
    Longitude
    -93.560571
    Latitude
    41.361031

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and apartments in prime location.
    Where is this mixed-use property located?
    The property is located at 120 N Howard Street Indianola, IA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Mixed‑use property at 120 N Howard Street with 1 ground‑floor commercial space and 3 upper apartments; Apartment mix: two 1‑bedroom units and one 2‑bedroom unit; each unit includes a kitchen, living area, and bathroom; Gross rent listed at $3,325/month, with a long‑term commercial tenant of nearly 10 years
    (515) 554-5870
    We can help!
    Contact an agent
    Ryan Rivera
    Ryan Rivera
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