Mixed-Use Building with Upstairs
For Sale
$175,000
726 12th Street, Belle Plaine, IA 52208
The property combines adaptable ground-floor commercial areas with a three-bedroom residence above.
Property Size1,760 SF
Price / SF$99.43
Days on Market133
Property Features for 726 12th Street
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Office
Site & Location
Utilities to Site
Yes
Mixed-Use Components
residential, commercial
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
RE/MAX Concepts
(515) 276-2872
Listed By:
Amanda Jackson
(515) 402-6910
Source:
Prometrorealty
Added: Jun 23
Changed: Nov 1
Last Checked: Nov 1 at 1:45AM
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 RE/MAX Concepts
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Investment Insights
Based on property information with market context.
This 1,760-square-foot mixed-use building, constructed in 1900, pairs commercial space on the main floor with a residential unit upstairs. The upper level is laid out with three bedrooms, two bathrooms, an office, laundry and mudroom space, and an open living area. A private bath serves the primary bedroom; the second bathroom is framed for a walk-in shower. Gas and water connections for a kitchen are in place. New electrical, plumbing, HVAC, spray foam insulation, framing, and rough-ins have been completed, and inspections have passed. New tilt-in windows are scheduled for installation, leaving finish selections for the next owner.
On the main level, repaired tin ceilings, a restroom, and storage accompany flexible commercial areas. The building is in downtown Belle Plaine, a community on the annual RAGBRAI route. Exterior grading work has also been completed.
On the main level, repaired tin ceilings, a restroom, and storage accompany flexible commercial areas. The building is in downtown Belle Plaine, a community on the annual RAGBRAI route. Exterior grading work has also been completed.
Key Highlights
- 1,760‑square‑foot mixed‑use property built in 1900
- Upper‑floor residence laid out with 3 bedrooms, 2 bathrooms, an office, laundry/mudroom, and open living area
- Main‑level commercial space includes a restroom, storage, and repaired original tin ceilings
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines adaptable ground-floor commercial areas with a three-bedroom residence above.
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: 1,760‑square‑foot mixed‑use property built in 1900; Upper‑floor residence laid out with 3 bedrooms, 2 bathrooms, an office, laundry/mudroom, and open living area; Main‑level commercial space includes a restroom, storage, and repaired original tin ceilings
