Renovated Brick Mixed-Use
For Sale
$375,000
916 W 9th Street, Vinton, IA 52349
Commercially zoned building combining adaptable business space, patio areas, and a one-bedroom upper-level layout.
Property Size3,626 SF
Price / SF$103.42
Days on Market208
Property Features for 916 W 9th Street
General Information
Standard status
Active
Size
3,626 SF
Property subtype
Business Op
Zoning
C
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,392
Amenities
outdoor patio space
Wood
Yes
2
No
Storage
Building,Land
Public
0.67
.67
Off Street
Building Details
Year Built
1903
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Urban Acres Real Estate
(319) 393-0900
Listed By:
Kyle Steele
(319) 981-2378
Source:
Pinnaclerealtyia
Added: Apr 2
Changed: Oct 25
Last Checked: Oct 24 at 3:03PM
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 Urban Acres Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated mixed-use property occupies a historic brick building with 3,626 square feet across two levels. The main floor includes over 2,600 square feet of flexible commercial space suited to office or retail use, along with outdoor patio space. A one-bedroom area on the second floor adds a distinct residential component within the building.
The property is zoned commercial and sits just off Highway 218 in Vinton, Iowa. Its combination of updated interiors, brick construction, commercial space, and upper-level living area provides a varied configuration for an owner-user or mixed-use operation.
The property is zoned commercial and sits just off Highway 218 in Vinton, Iowa. Its combination of updated interiors, brick construction, commercial space, and upper-level living area provides a varied configuration for an owner-user or mixed-use operation.
Key Highlights
- 3,626‑square‑foot mixed‑use building
- Over 2,600 square feet of main‑level office or retail space
- Renovated historic brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,287
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,740
$685.7K
Cap Rate 7%
$489,814
$489.8K
Cap Rate 9%
$380,967
$381.0K
Market Conditions
NOI Build-Up for 3,626 SF
Gross rent
$53.1K $14.64/SF
− Vacancy
−$4.1K −$1.13/SF
EGI
$49.0K $13.51/SF
− OpEx
−$14.7K −$4.05/SF
NOI
$34.3K $9.46/SF
Area
Benton County, IA
Vacancy
7.73%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,740
Cap Rate 7%
$489,814
Cap Rate 9%
$380,967
Alternative Uses
Best Use
Retail
$489.8K
$428.6K – $571.5K
NOI $34,287 @ 7.0% cap · market cap 9.14%
Second Best
Mixed Use
$438.4K
$383.6K – $511.5K
NOI $30,690 @ 7.0% cap · market cap 8.18%
Theoretical Best
Specialty Retail
$524.8K
$459.2K – $612.3K
NOI $36,736 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 52349, IA
7,405
Population
3,548
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
149.6 sq mi
ZIP Area
49
Density / Sq Mi
$71,537
Median Household Income
$53,000
Median Earnings
$838
Median Rent
$173,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned building combining adaptable business space, patio areas, and a one-bedroom upper-level layout.
Where is this mixed-use property located?
The property is located at 916 W 9th Street Vinton, IA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,626‑square‑foot mixed‑use building; Over 2,600 square feet of main‑level office or retail space; Renovated historic brick construction
