Spacious Mixed-Use Building with
For Sale
$174,900
Pending
820 Avenue G, Fort Madison, IA 52627
Large mixed-use property featuring retail space and residential apartments.
Property Size8,780 SF
Days on Market881
Property Features for 820 Avenue G
General Information
Standard status
Pending
Size
8,780 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1920
Listing Agency:
KLM Realty
(319) 470-8829
Listed By:
Cynthia Otte · License #***
(319) 470-8829
Source:
Exitrealty
Added: Mar 6, 2024
Changed: Jul 10
Last Checked: Aug 4 at 7:38AM
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 KLM Realty
Investment Insights
Based on property information with market context.
This mixed-use property features a 4390 sq. ft. main floor space suitable for various uses, including division into smaller boutiques or use as a single large space. The main floor includes a bar with a sink on the east side, and a bathroom. The interior has been updated. The second level also offers 4390 sq. ft. and contains two 2-bedroom, 1-bath apartments with open-concept living and kitchen areas, as well as two storage rooms. A large third floor is available for potential finishing. Parking is available in the back. Recent improvements include a new roof, two furnaces, two central air units, security cameras, and an updated bathroom on the main level. The security cameras are functional but require connection to Wi-Fi. The two upstairs apartments offer potential cash flow, making this building a suitable investment.
Key Highlights
- Large 8780 sq. ft. building with flexible space: 4390 sq. ft. on main floor and 4390 sq. ft. on second floor.
- Two 2‑bedroom/1‑bath apartments on the second level provide immediate rental income.
- Updated features include a new roof, two new furnaces, and two new central air units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 52627, IA
12,350
Population
6,134
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
95%
High-School Grad
63.9 sq mi
ZIP Area
193
Density / Sq Mi
$54,864
Median Household Income
$39,058
Median Earnings
$830
Median Rent
$111,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Large mixed-use property featuring retail space and residential apartments.
Where is this mixed-use property located?
The property is located at 820 Avenue G Fort Madison, IA.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Large 8780 sq. ft. building with flexible space: 4390 sq. ft. on main floor and 4390 sq. ft. on second floor.; Two 2‑bedroom/1‑bath apartments on the second level provide immediate rental income.; Updated features include a new roof, two new furnaces, and two new central air units.
