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Mixed-Use Building with Apartments
New
For Sale
$152,000

215 N Elm Street, Cresco, IA 52136

Commercial storefront space is paired with two second-story apartments and shared laundry facilities.

Property Size4,457 SF
Price / SF$34.10
Days on Market1

Property Features for 215 N Elm Street

General Information

Standard status Active
Size 4,457 SF
Property subtype Commercial
Zoning Commercial

Taxes and HOA fees

Annual Taxes $2,080

Amenities

Wood
City Street
0.08
4457

Building Details

Building Size 4,457 SF
Year Built 1897
Buildings 1
Stories 2
Listing Agency: Keller Williams Legacy Group
Listed By: Alex Miller
Source: Pinnaclerealtyia
Added: Sep 13 Last Checked: Sep 13 at 3:06PM

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 Keller Williams Legacy Group

Investment Insights

Based on property information with market context.

This mixed-use property combines commercial space, flexible lower-level areas, and two apartments on the second floor. The 2,250-square-foot main floor includes solid-surface flooring, lighting, outlets, office and storage areas, a bathroom, and removable dressing rooms. The lower level has been waterproofed and includes a large open room, two offices, storage, and additional space for meetings, retail, work, or a break room.

Located in Cresco’s downtown business district, the building has commercial storefront windows and a door replaced in 2018, along with updated furnace, air conditioning, plumbing, and rear-door improvements. The apartments are accessed from both the front and back, with separate furnaces and central air. One apartment includes two bedrooms, a pass-through bedroom, and potential for another bedroom; the second has two bedrooms and an in-progress bathroom update. A common laundry area connects directly to both units, while a public parking lot sits immediately east of the property.

Key Highlights

  • 2,250‑square‑foot main floor with storefront windows, office/storage space, bathroom, and removable dressing rooms
  • Two second‑story apartments, each with two bedrooms; one includes a pass‑through bedroom and potential for another bedroom
  • Waterproofed semi‑finished lower level with transferable lifetime warranty

Property Analytics

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Current Use

Emerging Whole Wellness Alternative Medicine Practice Little Birds upholstery ... Furniture & Home Goods Little Birds Furniture & Home Goods Little Birds & Furniture ... Furniture & Home Goods

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Auto Parts Store Bakery Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

386
Businesses Nearby

Demographics for 52136, IA

6,009
Population
2,611
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
93%
High-School Grad
210.4 sq mi
ZIP Area
29
Density / Sq Mi
$66,932
Median Household Income
$38,211
Median Earnings
$721
Median Rent
$153,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Commercial storefront space is paired with two second-story apartments and shared laundry facilities.
Where is this mixed-use property located?
The property is located at 215 N Elm Street Cresco, IA.
What is the asking price?
The asking price for this property is $152,000.
What are key features of this property?
This property features: 2,250‑square‑foot main floor with storefront windows, office/storage space, bathroom, and removable dressing rooms; Two second‑story apartments, each with two bedrooms; one includes a pass‑through bedroom and potential for another bedroom; Waterproofed semi‑finished lower level with transferable lifetime warranty
More about this property
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