Remodeled Apartment Building with
For Sale
$999,000
318 Main Street, Lamoni, IA 50140
20-unit apartment building with laundromat near Graceland College.
Property SizeContact for details
Days on Market1096
Property Features for 318 Main Street
General Information
Standard status
Active
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$8,192
Amenities
3
Business/Commercial
20 Parking Spaces. Unassigned.
ONE HALF ACRE FOR 20 UNIT
Building Details
Year Built
1978
Listing Agency:
Power House Exclusive Real Estate Inc.
(402) 391-5912
Listed By:
Michael Powers · License #***
Source:
Xome
Added: Sep 2, 2023
Changed: Aug 12
Last Checked: Aug 31 at 1:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Power House Exclusive Real Estate Inc.
Investment Insights
Based on property information with market context.
This 20-unit apartment building features all one-bedroom units and a laundromat. The property has been remodeled and is in excellent condition. The full commercial laundry includes 6 washing machines and 8 dryers. An office and office elevator are also included. The property is located in Lamoni, Iowa, home to Graceland College. The listing broker is the owner of the property. Owner may consider selling with $400k down and the $300k owner financed at 7 percent only 3 year balloon. Owner must approve AND PRICE SUPER FIRM.
Key Highlights
- 20 remodeled one‑bedroom units in excellent condition
- Full commercial laundry facility with 6 washers and 8 dryers included
- Office and office elevator included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 50140, IA
2,503
Population
1,209
Households
2.1
Avg Household Size
31
Median Age
48%
College-Educated
89%
High-School Grad
92.7 sq mi
ZIP Area
27
Density / Sq Mi
$54,000
Median Household Income
$28,409
Median Earnings
$715
Median Rent
$120,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - 20-unit apartment building with laundromat near Graceland College.
Where is this apartment building located?
The property is located at 318 Main Street Lamoni, IA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 20 remodeled one‑bedroom units in excellent condition; Full commercial laundry facility with 6 washers and 8 dryers included; Office and office elevator included
