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Mixed-Use Building with Apartments
For Sale
$585,000

818 W 8Th Street, Carroll, IA 51401

A multi-level property combines residential units, office space, a drive-in basement, and exterior parking.

Property Size6,200 SF
Price / SF$94.35
Days on Market174

Property Features for 818 W 8Th Street

General Information

Standard status Active
Size 6,200 SF
Property subtype Commercial

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 4 x 2BR, 4 x 1BR
Multifamily Units 8
Office Units 4

Additional Details

Floor Main Floor

Taxes and HOA fees

Annual Taxes $9,768

Building Details

Building Size 6,200 SF
Year Built 1947
Buildings 1
Units 8
Listing Agency: Kanne Realty & Associates
Listed By: Donald Kanne
Source: Davisandpalmer
Added: May 4 Changed: Oct 23 Last Checked: Oct 23 at 5:26PM

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 Kanne Realty & Associates

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Investment Insights

Based on property information with market context.

This 6,200-square-foot mixed-use building, constructed in 1947, contains eight apartments and four offices. The second floor has four one-bedroom apartments and four two-bedroom apartments, while the main floor includes the offices. A full drive-in basement and exterior parking are also part of the property.

The building is located on W 8th Street in Carroll, Iowa, with more than 160 feet of frontage along Hwy 30.

Key Highlights

  • Eight apartments: four one‑bedroom units and four two‑bedroom units
  • Four offices on the main floor
  • 6,200 square feet; built in 1947

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Building Supply Storage Facility Skin Care Clinic Big Box & Wholesale Store Garden Center

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

4
Office units
8
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

714
Businesses Nearby

Demographics for 51401, IA

12,248
Population
5,576
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
168.6 sq mi
ZIP Area
73
Density / Sq Mi
$64,458
Median Household Income
$45,938
Median Earnings
$720
Median Rent
$192,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A multi-level property combines residential units, office space, a drive-in basement, and exterior parking.
Where is this mixed-use property located?
The property is located at 818 W 8Th Street Carroll, IA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Eight apartments: four one‑bedroom units and four two‑bedroom units; Four offices on the main floor; 6,200 square feet; built in 1947
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