Building Details

Year Built 1890

Buildings 1

Construction brick

Tenancy Multi

Listed By: Briggs Realty Group Show Phone

Source: Thebriggsrealtygroup

Added: Mar 13 Changed: Sep 8 Last Checked: Sep 7 at 11:10AM

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Investment Insights

Based on property information with market context.

Built in 1890, this brick mixed-use property combines a ground-level commercial storefront with three residential apartments. The storefront is leased to a coffee shop, while the residential component includes a remodeled one-bedroom, one-bath apartment, an upstairs efficiency, and a two-bedroom, one-bath unit with interior stairs and a private balcony.

The building is located at 218 Main Street in downtown McGregor and carries Commercial zoning. Recent property updates include newer HVAC systems, roof work, and plumbing improvements. The apartments feature finishes described as rustic in keeping with the building’s character, and the property includes three stoves, three refrigerators, washers, dryers, microwaves, and window AC units.

Key Highlights

• Three residential apartments plus a leased coffee shop storefront
• 1,300 SF property at 218 Main Street, McGregor, IA 52157
• 1890 construction with brick exterior

Property Analytics

Property Profile

Current Use

Cathy's Office Accounting Firm

Suggested Use

Top Pick Auto Repair Shop Storage Facility Garden Center (Bike/Boat/Book/etc) Store Real Estate Agency Pharmacy

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

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

146

Businesses Nearby

Explore this area Business Placement

Demographics for 52157, IA

1,645

Population

841

Households

2

Avg Household Size

53

Median Age

18%

College-Educated

92%

High-School Grad

56.7 sq mi

ZIP Area

29

Density / Sq Mi

$56,875

Median Household Income

$49,402

Median Earnings

$744

Median Rent

$164,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial zoning combines a leased storefront with three residential apartments.

Where is this mixed-use property located?

The property is located at 218 Main St Mc Gregor, IA.

What is the asking price?

The asking price for this property is $259,000.

What are key features of this property?

This property features: Three residential apartments plus a leased coffee shop storefront; 1,300 SF property at 218 Main Street, McGregor, IA 52157; 1890 construction with brick exterior