131 Main Street Shellsburg, IA 52332
COMMERCIAL - Shellsburg, IA
Property Features for 131 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Standard status
- Active
- APN
- 19016850
- Size
- 1,900 SF
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Description
- As per abstract
- Tax Annual Amount
- 9756
Building Details
- Year built
- 2016
- Building materials
- Frame
Listing agent Tami Timm (319) 367-8760
Listing office Realty87 5408 BLAIRS FOREST WAY NE, Cedar Rapids, IA (319) 378-8760
Listing date Apr 15, 2026
Copyright © 2026 Cedar Rapids Area Association 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.
Investment Insights
Based on property information with market context.
Located at 131 Main Street in Shellsburg, Iowa, the property sits on approximately 0.42 acres. The zoning is listed as “Comm,” providing a framework for commercial uses. The listed size is approximately 1,900 square feet.
Because the property is presented as move-in ready and designed for multiple types of professional services, it may fit buyers or operators looking to launch or expand a client-facing business under one roof. The seller’s remarks specifically point to opportunities such as chiropractic, massage therapy, salon, daycare, and dentist office use, with the possibility for more than one profession to combine businesses depending on layout and operating needs.
Key Highlights
- Frame commercial property built in 2016
- Move‑in ready commercial space with a move‑in ready condition noted in the remarks
- Suitable for multiple business types such as chiropractic, massage therapy, salon, daycare, or a dentist office
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 |
