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    209 Moorehead Ave Ida Grove, IA 51445

    Sponsored
    For Sale
    $519,400

    High-Yield Retail & Office Investment

    Property size:
    11,388 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 209 Moorehead Avenue, Ida Grove, IA 51445, offers a compelling investment opportunity. The 11,388 square foot building, situated on a 40,208 square foot lot, boasts a strong 10.30% cap rate. Currently, the property features a 9,100 square foot space leased to Dollar General until October 2025, and an additional 2,288 square feet leased to Iowa State Extension. Built in 1959 and renovated in 2006, this single-story building is strategically located just off Highway 175/US 59, ensuring high visibility and accessibility. The property's former use as a grocery store and subsequent conversion to accommodate Dollar General demonstrates its adaptability and potential for various uses. While Dollar General's lease extends to October 2025, they have relocated within Ida Grove and may be open to early termination. This presents a unique opportunity for an owner-occupier or an investor seeking supplemental income. The property's 100% occupancy and strong tenant base provide immediate cash flow. Owner financing may be considered. This is an ideal investment for those seeking a high-return property with significant upside potential in a thriving Iowa community. The property is comprised of one building with a multi-tenant occupancy.

    Property Features for 209 Moorehead Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,388 SF

    Building Details

    Year Built/Renovated
    1959/2006
    Buildings
    1
    Stories
    1

    HighLights

    • Owner financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Redbox Movie Rental Kiosk Ida County Extension ... County Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ida Grove
    County
    Ida
    State
    Iowa
    Longitude
    -95.4687691
    Latitude
    42.3490724

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail & Office Investment
    Where is this individual retail property located?
    The property is located at 209 Moorehead Ave Ida Grove, IA.
    What is the asking price?
    The asking price for this property is $519,400.
    What are key features of this property?
    This property features: Owner financing available.; ;
    Request Owner's contact information
    209 Moorehead Ave Ida Grove, IA 51445
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    Ida Grove, IA 51445
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 Moorehead Ave Ida Grove, IA 51445
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