Building Details

Year built 1900

Floors in Building 2

Flooring type Wood

Building materials Brick, Steel Siding, Vinyl Siding, Wood

Listing Agency: EXIT Realty Driftless Group

Listed By: Jeff Marcks Show Phone

Added: Apr 30 Changed: Sep 8 Last Checked: Sep 9 at 2:06AM

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MLS# 154512

Copyright © 2026 East Central Iowa 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 mixed-use commercial building offers a flexible layout for office, retail, or a combination of both. An upper level adds space that can support storage or be configured for living quarters. The property also includes a basement, two bathrooms, wood flooring, and a combination of brick, steel siding, vinyl siding, and wood construction materials.

Building systems include forced-air heating and central air conditioning. A steel roof and recently installed furnace and AC add to the physical improvements. Constructed in 1900, the property is located in downtown Elgin at 247 Center Street.

Key Highlights

• Flexible configuration for office, retail, or combined commercial use
• Upper level provides space for storage or potential living quarters
• Recently installed furnace and AC

Property Analytics

Property Profile

Current Use

Katsumes Law Office Law Firm

Suggested Use

Top Pick Electrical Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Garden Center Auto Repair Shop Real Estate Agency

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

57

Businesses Nearby

Explore this area Business Placement

Demographics for 52141, IA

1,386

Population

685

Households

2

Avg Household Size

43

Median Age

21%

College-Educated

98%

High-School Grad

83.5 sq mi

ZIP Area

17

Density / Sq Mi

$69,250

Median Household Income

$38,906

Median Earnings

$634

Median Rent

$96,400

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Downtown commercial building supports office, retail, and additional storage or living space upstairs.

Where is this mixed-use property located?

The property is located at 247 Center Street Elgin, IA.

What is the asking price?

The asking price for this property is $47,000.

What are key features of this property?

This property features: Flexible configuration for office, retail, or combined commercial use; Upper level provides space for storage or potential living quarters; Recently installed furnace and AC