Office Building with New
For Sale
$79,000
221 2nd Avenue N, Oxford Junction, IA 52323
Commercial, Oxford Junction, IA
Property Size1,080 SF
Lot Size0.15 Acres
Price / SF$73.15
Days on Market49
Property Features for 221 2nd Avenue N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commerci
Rooms
Basement
Directions
taking Hwy 136 from Wyoming, turn left onto Church Street and right onto 2nd Ave N
Subdivision
OT-E (East of I-380)
Standard status
Active
APN
1622155010
Size
1,080 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
C & F ADD LOT 4, BLK 25 (as per abstract)
Tax Annual Amount
1363
Legal Description
C & F ADD LOT 4, BLK 25 (as per abstract)
Building Details
Year built
1927
Building materials
Frame
Listing Agency:
Keller Williams Legacy Group · Keller Williams Realty
(319) 423-4139
Listed By:
Kelly Dodge
(319) 480-5831
Added: Aug 27
Last Checked: Oct 14 at 3:06PM
MLS# 2606055
Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,080-square-foot frame office building dates to 1927 and includes a basement, providing a compact commercial footprint with additional below-grade space. The property has received several significant updates, including a new furnace, central air conditioning, and roof replacement.
Situated at 221 2nd Avenue N in Oxford Junction, the property occupies 0.15 acres within Jones County. Its stated possibilities include office use, a business location, investment ownership, or conversion to a residential setting, subject to applicable requirements. The existing configuration and recent mechanical and exterior improvements offer a straightforward base for a new owner’s plans.
Situated at 221 2nd Avenue N in Oxford Junction, the property occupies 0.15 acres within Jones County. Its stated possibilities include office use, a business location, investment ownership, or conversion to a residential setting, subject to applicable requirements. The existing configuration and recent mechanical and exterior improvements offer a straightforward base for a new owner’s plans.
Key Highlights
- 1,080 square feet of building area
- 0.15‑acre property in Oxford Junction
- Frame construction dating to 1927
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,187
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$103,740
$103.7K
Cap Rate 7%
$74,100
$74.1K
Cap Rate 9%
$57,633
$57.6K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$9.1K $8.40/SF
− Vacancy
−$2.2K −$2.00/SF
EGI
$6.9K $6.40/SF
− OpEx
−$1.7K −$1.60/SF
NOI
$5.2K $4.80/SF
Area
Jones County, IA
Vacancy
23.77%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$103,740
Cap Rate 7%
$74,100
Cap Rate 9%
$57,633
Alternative Uses
Best Use
Office B
$74.1K
$64.8K – $86.5K
NOI $5,187 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$156.3K
$136.8K – $182.4K
NOI $10,942 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 52323, IA
738
Population
471
Households
1.6
Avg Household Size
48
Median Age
8%
College-Educated
99%
High-School Grad
47.3 sq mi
ZIP Area
16
Density / Sq Mi
$55,096
Median Household Income
$29,319
Median Earnings
$771
Median Rent
$85,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for 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?
Office building - New furnace, central air, and roofing provide meaningful recent updates.
Where is this office building located?
The property is located at 221 2nd Avenue N Oxford Junction, IA.
What is the asking price?
The asking price for this property is $79,000.
What are key features of this property?
This property features: 1,080 square feet of building area; 0.15‑acre property in Oxford Junction; Frame construction dating to 1927
