Building Details

Year Built 1880

Tenancy Multi

Listing Agency: RE/MAX Affiliates j***@aol.com Show Phone

Listed By: Julie Chown

Source: Monicahayesteam

Added: Aug 18 Changed: Aug 29 Last Checked: Aug 29 at 6:54PM

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Investment Insights

Based on property information with market context.

This 2,640-square-foot mixed-use building in Lone Tree combines commercial and residential components across two levels. The main floor contains a laundromat and consignment shop, while the upper level provides two two-bedroom apartments. The property was built in 1880 and is being offered as-is.

Recent improvements include a roof replacement completed in 2023, apartment HVAC installed on the roof in 2022, replacement windows, and a new exterior door. The consignment shop received new air conditioning in 2022. Laundromat equipment includes four washers and four dryers. Showings require 24 hours’ notice and are limited to pre-approved serious buyers. Appliances are not warranted.

Key Highlights

• Two 2‑bedroom apartments above commercial space
• Laundromat includes 4 washers and 4 dryers
• 2,640 SF mixed‑use building constructed in 1880

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Skin Care Clinic Acupuncture

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

86

Businesses Nearby

Explore this area Business Placement

Demographics for 52755, IA

1,996

Population

870

Households

2.3

Avg Household Size

43

Median Age

19%

College-Educated

95%

High-School Grad

57.8 sq mi

ZIP Area

35

Density / Sq Mi

$98,125

Median Household Income

$49,375

Median Earnings

$960

Median Rent

$219,800

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?

Mixed-use property - Main-level commercial space is paired with two upstairs residential units.

Where is this mixed-use property located?

The property is located at 104 W Jayne St Lone Tree, IA.

What is the asking price?

The asking price for this property is $149,900.

What are key features of this property?

This property features: Two 2‑bedroom apartments above commercial space; Laundromat includes 4 washers and 4 dryers; 2,640 SF mixed‑use building constructed in 1880