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Mixed-Use Building with Storefront
New
For Sale
$235,000

213 N Main Street, Charles City, IA 50616

Three upper-level apartments complement street-facing commercial space with a rear section ready for completion.

Property Size5,368 SF
Price / SF$87.56
Days on Market5

Property Features for 213 N Main Street

General Information

Standard status Active
Size 5,368 SF
Property subtype Commercial
Zoning B-2

Units

Unit Mix 2 x 2BR, 1 x 1BR
Multifamily Units 3

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $1,996

Amenities

private pocket park
Wood
Inside Lot,City Street,Paved 2Lane
0.128
5368

Building Details

Building Size 5,368 SF
Year Built 1880
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Edge Realty Group
Listed By: Jaime Hymer
Source: Pinnaclerealtyia
Added: Oct 9 Changed: Oct 13 Last Checked: Oct 12 at 6:34PM

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 Edge Realty Group

Investment Insights

Based on property information with market context.

At 213 N Main Street, the May Building combines 2,684 square feet of commercial space with three upper-story apartments. The ground floor includes an open storefront with a private bathroom, updated electrical service, dual-track lighting, and a new boiler. Its rear section is unfinished and has a separate entrance from the public parking lot. Upstairs, one updated two-bedroom apartment is rented; a one-bedroom unit and another two-bedroom unit await completion.

A heated basement provides storage and potential additional space, with structural support improvements made while retaining the building’s historic character. The property has B-2 zoning and a private pocket park. Main Street parking and a public lot behind the building serve the site, which is less than one block from Central Park.

Key Highlights

  • 2,684 square feet of commercial space and three upper‑story apartments
  • Main‑level storefront with Main Street frontage and a private bathroom
  • Rear commercial area has a separate entrance from the public parking lot

Property Analytics

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Current Use

Prologue Books and Wine (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Grocery & Convenience Store Bakery Carpet & Flooring Store Gym & Fitness Center

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

3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

482
Businesses Nearby

Demographics for 50616, IA

10,009
Population
4,590
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
95%
High-School Grad
176.2 sq mi
ZIP Area
57
Density / Sq Mi
$63,226
Median Household Income
$36,738
Median Earnings
$628
Median Rent
$135,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Three upper-level apartments complement street-facing commercial space with a rear section ready for completion.
Where is this mixed-use property located?
The property is located at 213 N Main Street Charles City, IA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 2,684 square feet of commercial space and three upper‑story apartments; Main‑level storefront with Main Street frontage and a private bathroom; Rear commercial area has a separate entrance from the public parking lot
More about this property
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