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: Oct 22 Last Checked: Oct 24 at 8:06PM

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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.

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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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Katsumes Law Office Law Firm

Suggested Use

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

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

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 $44,900.

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