Retail-Office Building with Off-Street
For Sale
$135,000
201 S Main Street, 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 Market94
Property Features for 201 S Main Street
General Information
Standard status
Active
Size
1,168 SF
Property subtype
Commercial
Zoning
Comm
Taxes and HOA fees
Annual Taxes
$1,310
Amenities
monument sign
Yes
1
No
Building,Land
Public
0.2
.20 Ac
Off Street
Building Details
Year Built
1984
Stories
1
Listing Agency:
Blank & McCune Real Estate
(319) 393-0900
Listed By:
Tina Kohl
(319) 521-9777
Source:
Pinnaclerealtyia
Added: Jul 22
Changed: Oct 23
Last Checked: Oct 23 at 5:09AM
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 Blank & McCune Real Estate
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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
Estimated NOI and Cap Rate
NOI / Yr
$11,044
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,880
$220.9K
Cap Rate 7%
$157,771
$157.8K
Cap Rate 9%
$122,711
$122.7K
Market Conditions
NOI Build-Up for 1,168 SF
Gross rent
$17.1K $14.64/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$15.8K $13.51/SF
− OpEx
−$4.7K −$4.05/SF
NOI
$11.0K $9.46/SF
Area
Jones County, IA
Vacancy
7.73%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,880
Cap Rate 7%
$157,771
Cap Rate 9%
$122,711
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Under-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
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Market
Vacancy Rate% for Office in Midwest region
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 Street 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
