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

818 W 8Th Street, Carroll, IA 51401

Commercial Sale, Carroll, IA

Property SizeContact for details
Lot Size0.70 Acres
Days on Market148

Property Features for 818 W 8Th Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features Garage
Subdivision WESTLAWN ADDITION
Directions Hwy 30 across from Hy-Vee
Standard status Active
APN 0400624304010
Lot size 0.70 Acres

Taxes and HOA fees

Tax Year 2021
Tax Description WESTLAWN ADDITION BLOCK 7 LOTS 8, 9, 10, 11 & S 1/2 OF 12 & LOT B, BLOCK 8
Tax Annual Amount 9768
Legal Description WESTLAWN ADDITION BLOCK 7 LOTS 8, 9, 10, 11 & S 1/2 OF 12 & LOT B, BLOCK 8

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1947
Number of units 8
Building materials Brick, Metal Siding
Architectural style Other
Listing Agency: Kanne Realty & Associates
Listed By: Nick Kanne · License #***
Added: May 4 Changed: Sep 15 Last Checked: Sep 28 at 12:06AM
MLS# 6326882

Copyright © 2026 NoCoast MLS. 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 mixed-use property combines residential apartments with office space in a two-story configuration. The second floor contains four two-bedroom apartments and four one-bedroom apartments, while the main floor provides four offices. A full drive-in basement adds functional support space, and exterior parking is available for occupants and visitors.

The property sits on 0.7 acres along Hwy 30 in Carroll, with over 160ft of highway frontage. Improvements date to 1947 and feature brick and metal siding, forced-air heating, public water, and garage parking. The combination of apartment units, office suites, basement access, and visible highway positioning creates a versatile commercial property profile.

Key Highlights

  • Eight second‑floor apartments: four two‑bedroom units and four one‑bedroom units
  • Four main‑floor offices
  • Over 160ft of highway frontage on Hwy 30

Property Analytics

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Current Use

Office Units

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
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

738
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
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Combined residential and office configuration with basement access, exterior parking, and highway frontage.
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 second‑floor apartments: four two‑bedroom units and four one‑bedroom units; Four main‑floor offices; Over 160ft of highway frontage on Hwy 30
More about this property
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