Convenience Store With Deli
For Sale
$259,000
5913 Troy Mills Rd, Coggon, IA 52218
COMMERCIAL - Coggon, IA
Property Size3,787 SF
Lot Size0.54 Acres
Price / SF$68.39
Days on Market172
Property Features for 5913 Troy Mills Rd
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Store-Co
Directions
I-380 N to County Home Road. E on County Home Road to N Alburnett Road. N on N Alburnett Road to E-16/Central City Road. E on E-16/Central City Road to Troy Mills Road. N on Troy Mills Road to building on E side of road.
Subdivision
OT-E (East of I-380)
Standard status
Active
APN
03051-76012-00000
Size
3,787 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Description
LOTS 13 & 15 IRR SUR SE NE
Tax Annual Amount
2962
Legal Description
LOTS 13 & 15 IRR SUR SE NE
Amenities
deli kitchen
dining area
garage
Building Details
Year built
1984
Flooring type
Concrete
Building materials
Concrete Block, Frame
Roof type
Shingle
Listing Agency:
Realty87 · Coldwell Banker Real Estate
(319) 378-8760
Listed By:
Jim Zachar
(319) 367-8760
Added: Feb 13
Changed: Aug 4
Last Checked: Aug 4 at 4:06PM
MLS# 2601028
Copyright © 2026 Cedar Rapids Area 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 convenience retail property comprises 3,787 square feet across two buildings. The 2,256-square-foot store includes a full kitchen, dining area, social room, storage, office, and retail floor. Fixtures, furniture, and equipment are included, along with a hood fan and suppression system serving the kitchen.
A separate 1,531-square-foot shop adds office space and a large garage with two 8' x 12' overhead doors. The property also includes a shed, gas pump, and propane tank. Concrete block and frame construction, concrete flooring, and a shingle roof are documented, with the primary improvements built in 1984. Store-Co zoning is identified for the property.
A separate 1,531-square-foot shop adds office space and a large garage with two 8' x 12' overhead doors. The property also includes a shed, gas pump, and propane tank. Concrete block and frame construction, concrete flooring, and a shingle roof are documented, with the primary improvements built in 1984. Store-Co zoning is identified for the property.
Key Highlights
- 3,787 square feet across two buildings
- 2,256‑square‑foot convenience store with kitchen, dining area, social room, office, storage, and retail space
- 1,531‑square‑foot shop with office and garage
Financial Insights For Industrial
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 | $27.9k | $7.36 |
| − Vacancy | −$1.6k | −$0.42 |
| EGI | $26.3k | $6.94 |
| − OpEx | −$7.9k | −$2.08 |
| NOI | $18.4k | $4.86 |
3,787 SF · lease $7.36/SF/yr · vacancy 5.71% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$548.1K
$479.6K – $639.5K
NOI $38,367 @ 7.0% cap · market cap 14.81%
Second Best
Retail
$511.6K
$447.6K – $596.8K
NOI $35,809 @ 7.0% cap · market cap 13.83%
Theoretical Best
Self Storage
$637.4K
$557.7K – $743.6K
NOI $44,615 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52218, IA
1,726
Population
760
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
95%
High-School Grad
75.6 sq mi
ZIP Area
23
Density / Sq Mi
$90,924
Median Household Income
$49,668
Median Earnings
$594
Median Rent
$170,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Convenience retail property with food-service space, a separate shop, and on-site fuel and propane infrastructure.
Where is this grocery and convenience store located?
The property is located at 5913 Troy Mills Rd Coggon, IA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 3,787 square feet across two buildings; 2,256‑square‑foot convenience store with kitchen, dining area, social room, office, storage, and retail space; 1,531‑square‑foot shop with office and garage
