Move-In Ready Medical Office
For Sale
Contact for pricing
Pending
131 Main Street East, Shellsburg, IA 52332
Well-built, move-in ready commercial property suited for a range of health and wellness services.
Property Size1,900 SF
Days on Market162
Property Features for 131 Main Street East
General Information
Standard status
Pending
Size
1,900 SF
Property subtype
Office
Zoning
Comm
Building Details
Year Built
2016
Stories
1
Listing Agency:
Realty87
Listed By:
Mike Esker · License #IA B41939000
(319) 929-0600
Source:
Crexi
Added: May 1
Changed: Sep 29
Last Checked: Oct 9 at 4:55PM
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 Realty87
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,159
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,180
$283.2K
Cap Rate 7%
$202,271
$202.3K
Cap Rate 9%
$157,322
$157.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$26.2K $13.80/SF
− Vacancy
−$2.6K −$1.38/SF
EGI
$23.6K $12.42/SF
− OpEx
−$9.4K −$4.97/SF
NOI
$14.2K $7.45/SF
Area
Benton County, IA
Vacancy
10.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,180
Cap Rate 7%
$202,271
Cap Rate 9%
$157,322
Alternative Uses
Best Use
Healthcare Medical
$202.3K
$177.0K – $236.0K
NOI $14,159 @ 7.0% cap · market cap 3.78%
Second Best
Office B
$130.4K
$114.1K – $152.1K
NOI $9,125 @ 7.0% cap · market cap 2.43%
Theoretical Best
Specialty Retail
$275.0K
$240.6K – $320.8K
NOI $19,249 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 52332, IA
1,995
Population
789
Households
2.5
Avg Household Size
45
Median Age
15%
College-Educated
97%
High-School Grad
39.6 sq mi
ZIP Area
50
Density / Sq Mi
$90,781
Median Household Income
$52,292
Median Earnings
$775
Median Rent
$227,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
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 $375,000.
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
