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    102 5Th St Tipton, IA 52772

    Sponsored
    For Sale
    $475,000

    6,300 SF Former Bank - $475,000

    Property size:
    6,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,300-square-foot former bank building presents a unique opportunity in the heart of Tipton, Iowa. Located at 102 E 5th St, this property boasts a highly visible location in the downtown area, making it ideal for a variety of commercial uses. Built in 1960, the building sits on a 0.2-acre lot and offers some off-street parking, a valuable asset in a bustling downtown setting. The asking price is $475,000, representing an excellent value for owner-occupants or investors seeking a strong foothold in this thriving community. The spacious interior offers significant potential for adaptation to suit diverse business needs. Its previous use as a bank suggests a robust structure and secure design. The property's prominent location ensures high visibility and accessibility, attracting significant foot traffic and enhancing its commercial appeal. This is a rare chance to acquire a substantial commercial property in a desirable location, offering both immediate usability and long-term investment potential. The property is being offered for sale by owner. Don't miss this chance to secure a prime piece of Tipton real estate. The zip code is 52772.

    Property Features for 102 5Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,300 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1960

    HighLights

    • 6,300 SF former bank building in downtown Tipton, IA.
    • Located at 102 E 5th St on a 0.2‑acre lot with off‑street parking.
    • Asking price: $475,000.
    • High visibility location in a thriving community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tipton
    County
    Cedar
    State
    Iowa
    Longitude
    -91.1281893
    Latitude
    41.7702472

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    FAQs

    What type of property is this?
    Individual retail property - 6,300 SF Former Bank - $475,000
    Where is this individual retail property located?
    The property is located at 102 5Th St Tipton, IA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 6,300 SF former bank building in downtown Tipton, IA.; Located at 102 E 5th St on a 0.2-acre lot with off-street parking.; Asking price: $475,000.
    Request Owner's contact information
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    Tipton, IA 52772
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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
    102 5Th St Tipton, IA 52772
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