Building Details

Buildings 1

Tenancy Single

Listing Agency: Meyer & Gross Real Estate Co m***@hotmail.com Show Phone

Listed By: Melissa Ihnen · License #B43938 Show Phone

Source: Exprealty

Added: Aug 20 Changed: Oct 13 Last Checked: Oct 15 at 1:30AM

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Investment Insights

Based on property information with market context.

This commercial storefront building dates to 1895 and is occupied by a long-term tenant under a lease extending through September 30, 2029. The existing tenancy provides an established rental arrangement for the property.

Positioned in the historic downtown district of Atlantic, the building has street parking along the front and 2–3 private parking spaces behind it. The property offers a downtown commercial setting with both public and dedicated parking available.

Key Highlights

• Lease runs through September 30, 2029
• Commercial storefront building constructed in 1895
• Long‑term tenant in place

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Pharmacy Dental Office Bakery Cafe & Coffee Shop Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

482

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 50022, IA

8,052

Population

4,097

Households

2

Avg Household Size

45

Median Age

25%

College-Educated

93%

High-School Grad

172.5 sq mi

ZIP Area

47

Density / Sq Mi

$61,347

Median Household Income

$38,680

Median Earnings

$763

Median Rent

$145,600

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

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Frequently Asked Questions

What type of property is this?

Storefront property - Lease in place through September 2029 with street parking and private rear parking.

Where is this storefront property located?

The property is located at 405 Chestnut St Atlantic, IA.

What is the asking price?

The asking price for this property is $99,900.

What are key features of this property?

This property features: Lease runs through September 30, 2029; Commercial storefront building constructed in 1895; Long‑term tenant in place