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Mixed-Use Short-Term Rental Property
For Sale
$180,000

412 Main Street, Colesburg, IA 52035

MULTI_FAMILY - Colesburg, IA

Property Size1,800 SF
Price / SF$100
Days on Market33

Property Features for 412 Main Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Commercial
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2
Parking features On Street
Appliances Refrigerator, Range, Dishwasher, Washer, Dryer
Subdivision COLESBURG LT 4 BLK 1
Elementary school Ed-Co
Middle school Ed-Co
High school Ed-Co
Standard status Active
Size 1,800 SF

Taxes and HOA fees

Tax Annual Amount 862

Utilities

Heating system Forced Air, Hot Water(Heating)
Cooling system Window Unit(s), Central Air

Building Details

Year built 1860
Floors in Building 2
Number of units 4
Building materials Stone
Roof type Metal
Listing Agency: EXIT Unlimited · EXIT Realty
Listed By: Jerry Elbert
Added: Jul 11 Changed: Aug 2 Last Checked: Aug 12 at 1:06PM
MLS# 155183

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 property includes multiple income components under one roof, featuring one apartment currently rented with a long-term renter. A second apartment is in the drywall stage and awaits finishing by the next owner. The main level commercial storefront is available for a new tenant or for owner-occupied business use. The seasonal short-term rental has existing bookings, supporting vacation rental activity.

Zoned Commercial and constructed with stone exterior materials under a metal roof, the property was built in 1860. Heating is provided by forced air and hot water systems, and cooling includes window units and central air. The building offers on-street parking.

Inside, the home is equipped with a refrigerator, range, dishwasher, washer, and dryer. The layout supports a mix of residential and commercial use within a single structure, giving buyers flexibility in how they operate the income streams.

Key Highlights

  • One apartment rented with a long‑term renter
  • Second apartment in drywall stage awaiting finishes
  • Main level commercial storefront for new tenant or owner‑occupied business

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Auto Parts Store Storage Facility Butcher Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

40
Businesses Nearby

Demographics for 52035, IA

915
Population
583
Households
1.6
Avg Household Size
46
Median Age
14%
College-Educated
90%
High-School Grad
50.0 sq mi
ZIP Area
18
Density / Sq Mi
$59,702
Median Household Income
$36,442
Median Earnings
$721
Median Rent
$131,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Mixed-use building with a long-term rental apartment, a commercial storefront, and a seasonal short-term rental with existing bookings.
Where is this short term rental property located?
The property is located at 412 Main Street Colesburg, IA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: One apartment rented with a long‑term renter; Second apartment in drywall stage awaiting finishes; Main level commercial storefront for new tenant or owner‑occupied business
More about this property
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