Move-In Ready Commercial Office
131 Main Street Shellsburg, IA 52332
For Sale
$375,000
COMMERCIAL - Shellsburg, IA
Property Size1,900 SF
Lot Size0.42 Acres
Price / SF$197.37
Days on Market105
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 Agency:
Realty87
(319) 378-8760
Listed By:
Tami Timm
(319) 367-8760
Added: Apr 15
Changed: Jul 9
Last Checked: Jul 28 at 6:06AM
MLS# 2602671
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.
This well-built commercial property is offered for sale and described as move-in ready for immediate occupancy. The existing configuration supports flexible use for a range of professional and service-based operations, including office, healthcare, and wellness-style services.
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.
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
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 3.78%
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - For sale commercial property in Shellsburg, IA with move-in ready interior and flexible fit for professional services.
Where is this medical office space located?
The property is located at 131 Main Street 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: 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
