Mixed-Use Building with Residential
For Sale
$175,000
726 12th Street, Belle Plaine, IA 52208
Two-level property combines a residential layout upstairs with adaptable commercial areas on the main floor.
Property Size1,760 SF
Price / SF$99.43
Days on Market88
Property Features for 726 12th Street
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Business Op
Zoning
Com
Taxes and HOA fees
Annual Taxes
$3
Amenities
No
Building
0.04
1,742
Building Details
Year Built
1900
Listing Agency:
GLD Commercial Real Estate Advisors
(319) 393-0900
Listed By:
Cole Breitbach
(319) 551-6448
Source:
Pinnaclerealtyia
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 14 at 9:23PM
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 GLD Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Built in 1900, this two-level mixed-use property combines a residential unit on the second floor with flexible commercial space at street level. The upper floor is arranged with three bedrooms, two bathrooms, an office, laundry and mudroom areas, and an open living space. A private primary bathroom is included, while the second bathroom is framed for a walk-in shower. Gas and water connections for a kitchen are already in place.
The main level retains original tin ceilings and includes a restroom, storage, and adaptable areas suitable for retail, office, studio, restaurant, or service-oriented operations. Major renovation work has addressed electrical, plumbing, HVAC, spray foam insulation, framing, rough-ins, and exterior grading. Inspections have passed, with finish selections remaining for the next owner. The property is located at 726 12th St in downtown Belle Plaine, Iowa.
The main level retains original tin ceilings and includes a restroom, storage, and adaptable areas suitable for retail, office, studio, restaurant, or service-oriented operations. Major renovation work has addressed electrical, plumbing, HVAC, spray foam insulation, framing, rough-ins, and exterior grading. Inspections have passed, with finish selections remaining for the next owner. The property is located at 726 12th St in downtown Belle Plaine, Iowa.
Key Highlights
- Second‑floor residential unit with 3 bedrooms, 2 bathrooms, office, laundry/mudroom, and open living area
- Main level includes flexible commercial areas, restroom, storage, and original tin ceilings
- Renovation work includes new electrical, plumbing, HVAC, spray foam insulation, framing, and rough‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,896
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,920
$297.9K
Cap Rate 7%
$212,800
$212.8K
Cap Rate 9%
$165,511
$165.5K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$25.8K $14.64/SF
− Vacancy
−$1.9K −$1.10/SF
EGI
$23.8K $13.54/SF
− OpEx
−$8.9K −$5.08/SF
NOI
$14.9K $8.46/SF
Area
Benton County, IA
Vacancy
7.50%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,920
Cap Rate 7%
$212,800
Cap Rate 9%
$165,511
Alternative Uses
Best Use
Retail
$237.7K
$208.0K – $277.4K
NOI $16,642 @ 7.0% cap · market cap 9.51%
Second Best
Mixed Use
$212.8K
$186.2K – $248.3K
NOI $14,896 @ 7.0% cap · market cap 8.51%
Theoretical Best
Specialty Retail
$254.7K
$222.9K – $297.2K
NOI $17,831 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Belle Plaine #2
Shops & Services
9,416 visits/mo
0.2 miles
Dollar General
Shops & Services
4,370 visits/mo
0.3 miles
BP
Shops & Services
2,023 visits/mo
0.1 miles
FedEx Office Print & Ship Center
Shops & Services
904 visits/mo
0.3 miles
Carquest Auto Parts
Shops & Services
682 visits/mo
0.1 miles
Demographics for 52208, IA
2,951
Population
1,451
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
95%
High-School Grad
60.7 sq mi
ZIP Area
49
Density / Sq Mi
$71,336
Median Household Income
$45,202
Median Earnings
$773
Median Rent
$119,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines a residential layout upstairs with adaptable commercial areas on the main floor.
Where is this mixed-use property located?
The property is located at 726 12th Street Belle Plaine, IA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Second‑floor residential unit with 3 bedrooms, 2 bathrooms, office, laundry/mudroom, and open living area; Main level includes flexible commercial areas, restroom, storage, and original tin ceilings; Renovation work includes new electrical, plumbing, HVAC, spray foam insulation, framing, and rough‑ins
