312 W Wood St, Urbana, IA 52345
Salon-ready interior with multiple private spaces and an attached, fully rented one-bedroom apartment.
- Added:
- Mar 25, 2026
- Days on Market:
- 85
- Last Refresh:
- Jun 17 at 2:55 am
Property Features for 312 W Wood St
General Information
- Standard status
- Active
- Size
- 1,680 SF
Listing agent Adam Green (319) 721-3103
Listing office Pinnacle Realty LLC (319) 721-3103
Listing date Mar 25, 2026
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Realty LLC
HighLights
- Current salon setup with two styling stations plus a wash station and reception/waiting area
- Includes two private offices and a lounge area for additional work or client space
- Attached one‑bedroom apartment is fully rented, providing immediate rental income
- Flexible interior layout can support uses such as dog grooming, massage/chiropractic, insurance, professional office, or boutique retail
Overview
An attached one-bedroom apartment is fully rented, providing immediate income while the commercial space is available for an owner-operator or new tenant. The property is located at 312 W Wood St in Urbana, IA.
For buyers or operators seeking a flexible setup, the mix of reception/waiting, private offices, and salon-specific areas can accommodate service and professional businesses such as dog grooming, massage or chiropractic practice, an insurance agency, a professional office, or boutique retail. The attached residence also offers an on-site living option for an owner, in addition to the current rental arrangement.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.1k | $8.40 |
| − Vacancy | −$3.4k | −$2.00 |
| EGI | $10.8k | $6.40 |
| − OpEx | −$2.7k | −$1.60 |
| NOI | $8.1k | $4.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Urbana
- County
- Benton
- State
- Iowa
- Longitude
- -91.8753332
- Latitude
- 42.2240263
