Historic Retail
59 E Jefferson St, Winterset, IA 50273
For Sale
Contact for pricing
Front-facing commercial space offers display windows, rear work areas, signage space, and parking.
Property Size1,680 SF
Price / SF$0.77
Days on Market61
Property Features for 59 E Jefferson St
General Information
Standard status
Size
Amenities
showroom windows
exterior signage space
high ceilings
hardwood floors
Listing Agency:
Summerset Realty
Listed By:
Rachel Eller · License IA S66781000
(515) 468-5635
Source:
Exprealty
Added: Sep 14
Changed: Oct 26
Last Checked: Nov 12 at 12:48PM
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 Summerset Realty
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Investment Insights
Based on property information with market context.
This retail storefront provides approximately 1,680 square feet on the north side of the courthouse square in Winterset. The front entry is centered between two similarly sized showroom windows, with finished high ceilings and hardwood flooring in the display area. Exterior space is available for business signage.
Three additional rooms extend toward the rear and can accommodate offices, work areas, a break room, shipping and receiving, or storage. A rear door opens to the alley, while designated private parking is located behind the building and street parking is available at the front. The property is listed on the National Register of Historic Places.
Three additional rooms extend toward the rear and can accommodate offices, work areas, a break room, shipping and receiving, or storage. A rear door opens to the alley, while designated private parking is located behind the building and street parking is available at the front. The property is listed on the National Register of Historic Places.
Key Highlights
- Approximately 1,680 square feet of retail storefront space
- Two showroom windows flank the central front entry
- Exterior signage area and finished high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,608
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,160
$432.2K
Cap Rate 7%
$308,686
$308.7K
Cap Rate 9%
$240,089
$240.1K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$33.3K $19.80/SF
− Vacancy
−$2.4K −$1.43/SF
EGI
$30.9K $18.37/SF
− OpEx
−$9.3K −$5.51/SF
NOI
$21.6K $12.86/SF
Area
Madison County, IA
Vacancy
7.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,160
Cap Rate 7%
$308,686
Cap Rate 9%
$240,089
Alternative Uses
Best Use
Retail
$308.7K
$270.1K – $360.1K
NOI $21,608 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.8K
$362.0K – $482.7K
NOI $28,963 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
41k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Groceries 37%
Dining 22%
Hy-Vee
Groceries
15,066 visits/mo
0.4 miles
Kum & Go
Shops & Services
9,389 visits/mo
0.0 miles
Dollar Tree
Shops & Services
6,930 visits/mo
0.4 miles
Mi Pueblito
Dining
3,772 visits/mo
0.1 miles
Pizza Ranch
Dining
2,621 visits/mo
0.5 miles
Demographics for 50273, IA
8,570
Population
3,927
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
96%
High-School Grad
195.2 sq mi
ZIP Area
44
Density / Sq Mi
$80,018
Median Household Income
$48,149
Median Earnings
$948
Median Rent
$216,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Rhapsody Rose Floral — 109 S John Wayne Dr, Winterset, IA 50273
- Evergreen & Lily Floral Studio — 1001 E Court Ave, Winterset, IA 50273
Frequently Asked Questions
What type of property is this?
Storefront property - Front-facing commercial space offers display windows, rear work areas, signage space, and parking.
Where is this storefront property located?
The property is located at 59 E Jefferson St Winterset, IA.
What are key features of this property?
This property features: Approximately 1,680 square feet of retail storefront space; Two showroom windows flank the central front entry; Exterior signage area and finished high ceilings
