Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Building with Loading Dock Title is generated by Realmo AI

    128 W Mission Street, Strawberry Point, IA 52076

    View on Map
    Claim this Listing
    New
    For Sale
    $199,900

    SINGLE_FAMILY - Strawberry Point, IA

    Type:Retail
    Property size:
    10,000 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $19/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 128 W Mission Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C
    Standard status
    Active
    APN
    4122253003
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    FRANK. LOT 3 & E. 77FT LOT 4 EXC LOT 1 OF LOT 4 BLK 3
    Tax Annual Amount
    3481

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Jared Hottle
    Jared Hottle

    Listing agent Jared Hottle License #S68688000

    Listing office Berkshire Hathaway Home Services One Realty Centre 1118 Ansborough Ave, Waterloo, IA

    Listing date Jun 4, 2026

    MLS# 20262481

    Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Nearly 10,000 sq ft retail building built in 1958 in downtown Strawberry Point
    • Open sales floor with existing freezer and cooler space
    • Dock door for loading plus large parking lot for customer and employee parking
    • Located along a corridor with 3,400 cars per day
    • Former grocery store layout with flexible space for retail, warehouse, or showroom uses
    • Potential to convert into multiple smaller suites for added income

    Overview

    This sale offering includes nearly 10,000 square feet of retail space in a single building that previously operated as a grocery store. The interior is arranged with a large open sales floor, and the property also includes existing freezer and cooler space. For deliveries and back-of-house operations, the building has a convenient dock door for loading. Off-street parking is supported by an oversized parking lot designed to accommodate both customers and employees.

    The property is located in the heart of downtown Strawberry Point along a corridor with 3,400 cars per day, supporting visibility for retail and other commercial uses. It sits on a 0.6-acre lot, providing an identifiable, dedicated footprint for a retail-oriented business.

    With its flexible layout and established commercial features, the building can support a range of users. It may be suitable for reopening as a grocery or convenience operation, or for transitioning to other retail, warehouse, or showroom concepts, depending on the operator’s requirements. The offering also presents an option for buyers interested in a larger footprint retail conversion or a potential reconfiguration into multiple smaller suites, subject to applicable approvals and operating plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strawberry Foods Deli ... Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Strawberry Point
    County
    Clayton
    State
    Iowa
    Longitude
    -91.535889
    Latitude
    42.683516

    FAQs

    What type of property is this?
    Retail space - Nearly 10,000 SF retail building with freezer/cooler space and a dock door, positioned for easy customer access.
    Where is this retail space located?
    The property is located at 128 W Mission Street Strawberry Point, IA.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Nearly 10,000 sq ft retail building built in 1958 in downtown Strawberry Point; Open sales floor with existing freezer and cooler space; Dock door for loading plus large parking lot for customer and employee parking
    (319) 288-5382
    We can help!
    Listing Contact
    Jared Hottle
    Jared Hottle
    Real Estate License ID: S68688000
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    128 W Mission Street, Strawberry Point, IA 52076
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!