Move-In Ready Medical Office
131 Main Street East Shellsburg, IA 52332
131 Main Street East, Shellsburg, IA, 52332
Contact for pricing
For Sale
Contact for pricing
Well-built, move-in ready commercial property suited for a range of health and wellness services.
Property Size1,900 SF
Price / SF$205.26
Days on Market83
Property Features for 131 Main Street East
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- Office
Building Details
- Year Built
- 2016
Listing agency
Realty87
(319) 929-0600
Listed by
Mike Esker · License #IA B41939000
Source
Crexi
Added: May 1 Updated: Jul 22 at 12:26AM Checked: Jul 22 at 12:26AM
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Investment Insights
Based on property information with market context.
This move-in ready commercial property is well built and currently configured for health and wellness-related uses. Public remarks indicate flexibility for multiple service concepts, including chiropractic, massage therapy, salon, daycare, and dentist office.
The property is offered for sale at 131 Main Street East in Shellsburg, IA 52332.
If you are looking for a turnkey space to start operations, this site offers a practical foundation for medical office and spa-style services, with the potential for multiple professions to operate in combination, as described in the remarks.
The property is offered for sale at 131 Main Street East in Shellsburg, IA 52332.
If you are looking for a turnkey space to start operations, this site offers a practical foundation for medical office and spa-style services, with the potential for multiple professions to operate in combination, as described in the remarks.
Key Highlights
- Built in 2016 commercial property
- Move‑in ready for use by a range of health and wellness businesses
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.2k | $13.80 |
| − Vacancy | −$2.6k | −$1.38 |
| EGI | $23.6k | $12.42 |
| − OpEx | −$9.4k | −$4.97 |
| NOI | $14.2k | $7.45 |
1,900 SF · lease $13.80/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$202.3K
$177.0K – $236.0K
NOI $14,159 @ 7.0% cap · market cap 3.63%
Second Best
Office B
$130.4K
$114.1K – $152.1K
NOI $9,125 @ 7.0% cap · market cap 2.34%
Theoretical Best
Specialty Retail
$275.0K
$240.6K – $320.8K
NOI $19,249 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Elizabeth Meyer A.R.N.P.
Medical Clinic
BRIAN A LINDO
Pediatrician
Julie J Hoffmnn
Physician
Cedar Valley Primary ...
Medical Clinic
Melanie Dahlhauser, ARNP
Physician
FAQs
What type of property is this?
Medical Office Space - Well-built, move-in ready commercial property suited for a range of health and wellness services.
Where is this medical office space located?
The property is located at 131 Main Street East Shellsburg, IA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Built in 2016 commercial property; Move‑in ready for use by a range of health and wellness businesses
