Listing Agency: Staley Real Estate k***@frontiernet.net Show Phone

Listed By: Kurt Thielen · License #IA S44142

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Aug 11 at 6:05AM

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Investment Insights

Based on property information with market context.

This property is a 25-unit apartment building that includes five commercial units on the main floor. The commercial spaces have street frontage, providing direct visibility and public access. According to the seller, some of the commercial units are currently rented, and there are multiple opportunities available for the commercial spaces.

The building is located at 205 1st St NW in Hampton, IA 50441. The street-facing retail configuration is designed for convenient customer access from the public right-of-way.

From a layout standpoint, the property combines residential units with fronting main-floor commercial space, creating a mixed-use income profile within a single building.

Key Highlights

• 25‑unit apartment building for sale
• Includes five main‑floor commercial units with street frontage
• Street‑facing commercial space provides public access

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Electrical Service Plumbing Service Parking Lot & Garage Kitchen & Bath Showroom Garden Center

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

25

Residential units

Location Intelligence

Trade Area within ½ mile

348

Businesses Nearby

Explore this area Business Placement

Demographics for 50441, IA

5,529

Population

2,548

Households

2.2

Avg Household Size

42

Median Age

16%

College-Educated

92%

High-School Grad

148.4 sq mi

ZIP Area

37

Density / Sq Mi

$55,301

Median Household Income

$39,863

Median Earnings

$623

Median Rent

$124,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - 25-unit apartment building with five street-facing main-floor commercial units, several currently rented.

Where is this apartment building located?

The property is located at 205 1st St NW Hampton, IA.

What are key features of this property?

This property features: 25‑unit apartment building for sale; Includes five main‑floor commercial units with street frontage; Street‑facing commercial space provides public access