Retail-Office Building with Off-Street
For Sale
$135,000
201 S Main St, Monticello, IA 52310
Vacant retail/office building with dedicated off-street parking and a detached garage on a highly visible corner.
Property Size1,168 SF
Price / SF$115.58
Days on Market9
Property Features for 201 S Main St
General Information
Standard status
Active
Size
1,168 SF
Property subtype
Commercial
Amenities
monument sign
Carpet
0.2
CountyRoad,Paved,Highway
Building Details
Year Built
1984
Listing Agency:
Robertson Real Estate Inc
(319) 213-1157
Listed By:
Lydia Fitzgerald
(319) 213-1157
Source:
Pinnaclerealtyia
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 30 at 2:52AM
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 Robertson Real Estate Inc
Investment Insights
Based on property information with market context.
This vacant retail/office building offers a flexible layout for retail, office, service, or professional use. The property totals 1,168 SF and includes a 480 SF detached garage, along with dedicated off-street parking. A prominent monument sign is also on-site.
Located in the heart of downtown Monticello, the building sits on a highly visible hard corner along Main Street, providing strong exposure for prospective customers and visitors.
With its combination of retail/office space, onsite parking, and an additional detached garage, the property can support a variety of owner-user or tenant needs in a downtown setting.
Located in the heart of downtown Monticello, the building sits on a highly visible hard corner along Main Street, providing strong exposure for prospective customers and visitors.
With its combination of retail/office space, onsite parking, and an additional detached garage, the property can support a variety of owner-user or tenant needs in a downtown setting.
Key Highlights
- 1,168 SF vacant retail/office building in downtown Monticello
- Highly visible hard corner on Main Street with a prominent monument sign
- Includes a 480 SF detached garage
Financial Insights For Retail
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 | $17.1k | $14.64 |
| − Vacancy | −$1.3k | −$1.13 |
| EGI | $15.8k | $13.51 |
| − OpEx | −$4.7k | −$4.05 |
| NOI | $11.0k | $9.46 |
1,168 SF · lease $14.64/SF/yr · vacancy 7.73% · expense 30.00%
Alternative Uses
Best Use
Retail
$157.8K
$138.1K – $184.1K
NOI $11,044 @ 7.0% cap · market cap 8.18%
Second Best
Office B
$80.1K
$70.1K – $93.5K
NOI $5,609 @ 7.0% cap · market cap 4.15%
Theoretical Best
Specialty Retail
$169.0K
$147.9K – $197.2K
NOI $11,833 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52310, IA
6,417
Population
2,937
Households
2.2
Avg Household Size
45
Median Age
21%
College-Educated
96%
High-School Grad
145.4 sq mi
ZIP Area
44
Density / Sq Mi
$76,946
Median Household Income
$49,063
Median Earnings
$664
Median Rent
$192,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant retail/office building with dedicated off-street parking and a detached garage on a highly visible corner.
Where is this storefront property located?
The property is located at 201 S Main St Monticello, IA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 1,168 SF vacant retail/office building in downtown Monticello; Highly visible hard corner on Main Street with a prominent monument sign; Includes a 480 SF detached garage
