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    502 Business Pleasantville, IA 50225

    For Sale
    $499,900

    10,890 sq ft, High-Demand Location

    Property size:
    10,890 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This versatile 10,890 square foot mixed-use property in Pleasantville, Iowa, presents a unique investment opportunity. Originally constructed in 1960 as a lumberyard, this single-story building boasts a spacious open layout perfect for a variety of uses. The 889 square feet of office/retail space complements the expansive warehouse area, featuring heavy-duty concrete floors and 14x16 foot overhead doors on both ends, ensuring easy access for loading and unloading. The M-1 zoning allows for diverse business ventures, including storage and distribution, manufacturing, auto repair, indoor recreational facilities, covered storage, fabrication workshops, event venues, self-storage, artisan spaces, agricultural production, or technology/equipment testing. Its strategic location on Highway 5 Business N, just 32 miles from the Des Moines metro area via 4-lane highway, provides excellent accessibility and visibility. This adaptable space offers significant potential for a wide range of businesses seeking a functional and spacious location. The asking price is $499,900. This property is situated at 502 Highway 5 Business N, Pleasantville, IA 50225, within Marion County.

    Property Features for 502 Business

    General Information

    Property type
    Self storage facilities
    Square Feet
    10,890 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1

    HighLights

    • $499,900 asking price for a mixed‑use property.
    • 10,890 square feet, including 889 square feet of office/retail space.
    • 1960 construction, single‑story building.
    • M‑1 zoning.
    • Located at 502 Highway 5 Business N, Pleasantville, IA 50225.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Pleasantville
    County
    Marion
    State
    Iowa
    Longitude
    -93.267789888751
    Latitude
    41.390870297401

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    FAQs

    What type of property is this?
    Self storage facility - 10,890 sq ft, High-Demand Location
    Where is this self storage facility located?
    The property is located at 502 Business Pleasantville, IA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: $499,900 asking price for a mixed-use property.; 10,890 square feet, including 889 square feet of office/retail space.; 1960 construction, single-story building.
    Request Owner's contact information
    502 Business Pleasantville, IA 50225
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    Pleasantville, IA 50225
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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
    502 Business Pleasantville, IA 50225
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