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    1205 Broadway St Red Oak, IA 51566

    For Sale
    $550,706

    Prime Commercial Land, High Traffic Area, Iowa

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3.87-acre commercial land parcel presents a remarkable investment opportunity in Red Oak, Iowa. Strategically located at 1205 N Broadway St, in Montgomery County, zip code 51566, this property boasts high visibility and accessibility. The site faces North Broadway Street and is bordered by West Oak and West Bridge Streets, ensuring significant exposure to a substantial daily traffic flow. The property's convenient location is further enhanced by its adjacency to the recently constructed Family Dollar/Dollar Tree building, sharing a common driveway for direct access to North Broadway Street. This shared access point provides seamless ingress and egress, optimizing convenience for potential businesses and customers. The land is divisible, offering flexibility for development. Two potential lot divisions are possible: Lot 1, encompassing 2.16 acres, and Lot 2, comprising 1.71 acres. This allows for tailored development plans to suit various business needs and scales. Red Oak, with a population of approximately 5,500 residents, serves as the county seat of Montgomery County, providing a stable and established market for commercial ventures. The property's ideal location makes it particularly suitable for quick-service restaurants (QSRs), convenience stores, or other service-oriented businesses seeking high visibility and convenient access for their customers. This prime commercial land offers a unique chance to establish a thriving business in a growing community.

    Property Features for 1205 Broadway St

    General Information

    Property type
    Land
    Lot Size
    168,577 SF

    HighLights

    • 3.87‑acre commercial land parcel in Red Oak, IA (51566).
    • High‑visibility location at 1205 N Broadway St, with access to N. Broadway, West Oak, and West Bridge Streets.
    • Shares a common driveway with the new Family Dollar/Dollar Tree, providing direct access to N. Broadway Street.
    • Divisible into two lots: 2.16 acres and 1.71 acres.
    • Ideal for QSRs, convenience stores, or other service‑oriented businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Oak
    County
    Montgomery
    State
    Iowa
    Longitude
    -95.23403648472
    Latitude
    41.014711175617

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Traffic Area, Iowa
    Where is this land located?
    The property is located at 1205 Broadway St Red Oak, IA.
    What is the asking price?
    The asking price for this property is $550,706.
    What are key features of this property?
    This property features: 3.87-acre commercial land parcel in Red Oak, IA (51566).; High-visibility location at 1205 N Broadway St, with access to N. Broadway, West Oak, and West Bridge Streets.; Shares a common driveway with the new Family Dollar/Dollar Tree, providing direct access to N. Broadway Street.
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    1205 Broadway St Red Oak, IA 51566
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    Red Oak, IA 51566
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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
    1205 Broadway St Red Oak, IA 51566
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