Mixed-Use Property with Retail
For Sale
$849,900
222 Water Street, Cambridge, IA 50046
CommercialSale, Cambridge, IA
Property SizeContact for details
Lot Size0.14 Acres
Days on Market155
Property Features for 222 Water Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Appliances
BuiltInOven, Dryer, Dishwasher, Microwave, Refrigerator, Stove
Elementary school district
Ballard
Middle school district
Ballard
High school district
Ballard
Directions
Head North on interstate 35 and take exit Huxley/Cambridge exit 201 and head east turn North on 585th Ave turns into Vine St as you head into Cambridge. Take the curve that takes you to Center St and then turn North on Water St. Commercial building is on the east side of the road.
Subdivision
Cambridge
Standard status
Active
APN
1421406205
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
O T S47' LOT 3 & N3' LOT 6 BLK 28
Legal Description
O T S47' LOT 3 & N3' LOT 6 BLK 28
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1890
Building materials
Brick, Stucco
Roof type
Rubber
Listing Agency:
LPT Realty, LLC
(515) 669-4010
Listed By:
Jen Grimm
(515) 975-0438
Added: Mar 24
Changed: Aug 19
Last Checked: Aug 25 at 3:06AM
MLS# 736887
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. 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 mixed-use property combines two retail spaces with four residential units in a single commercial asset. The residential component includes one studio apartment with handicap-accessible features and three newly built two-bedroom apartments. Each two-bedroom unit includes a full bathroom, stainless steel appliances, and an in-unit washer and dryer.
Built in 1890, the property occupies 0.137 acres and carries C zoning. Brick and stucco construction, a rubber roof, forced-air natural gas heating, public water, and public sewer are also part of the property profile. The appliance package includes a built-in oven, dryer, dishwasher, microwave, refrigerator, and stove.
Built in 1890, the property occupies 0.137 acres and carries C zoning. Brick and stucco construction, a rubber roof, forced-air natural gas heating, public water, and public sewer are also part of the property profile. The appliance package includes a built-in oven, dryer, dishwasher, microwave, refrigerator, and stove.
Key Highlights
- Two retail spaces and four residential units in one mixed‑use property
- Three brand new two‑bedroom apartments with full baths
- Stainless steel appliances and in‑unit washers and dryers in the new apartments
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 50046, IA
1,586
Population
792
Households
2
Avg Household Size
40
Median Age
34%
College-Educated
98%
High-School Grad
47.5 sq mi
ZIP Area
33
Density / Sq Mi
$91,944
Median Household Income
$56,250
Median Earnings
$1,005
Median Rent
$225,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and residential components combine in one property with modern apartment amenities.
Where is this mixed-use property located?
The property is located at 222 Water Street Cambridge, IA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two retail spaces and four residential units in one mixed‑use property; Three brand new two‑bedroom apartments with full baths; Stainless steel appliances and in‑unit washers and dryers in the new apartments
