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    112 1St St Knoxville, IA 50138

    For Sale
    $199,000

    High-visibility office & land, 3068 sq ft

    Property size:
    3,068 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This prime commercial property, located at 112 S 1st Street in Knoxville, Iowa, presents a unique investment opportunity. Boasting 3,068 square feet of space, this versatile property is ideally suited for a variety of commercial uses. Its central location, just one block from the town square, ensures high visibility and significant foot traffic. The property's proximity to Lake Red Rock, Iowa's largest lake, and the renowned Knoxville Raceway, home of the Knoxville Nationals, offers exceptional potential to attract both local clientele and tourists throughout the year. This strategic positioning provides a consistent stream of visitors, creating a robust environment for business growth. The asking price is $199,000. The property is classified as both office and land, offering flexibility for development and adaptation to suit specific business needs. Situated in Marion County, Iowa, with a zip code of 50138, this property is conveniently located and ready for its next chapter. The property is zoned for commercial use and offers significant potential for return on investment. Don't miss this chance to establish your business in the heart of Knoxville.

    Property Features for 112 1St St

    General Information

    Property type
    Land
    Square Feet
    3,068 SF

    HighLights

    • 3,068 square foot commercial property located at 112 S 1st Street, Knoxville, IA 50138.
    • High‑visibility location one block from the town square, offering significant foot traffic.
    • Proximity to Lake Red Rock and Knoxville Raceway attracts both local and tourist clientele.
    • Asking price: $199,000.
    • Zoned for commercial use and offers flexibility for various business types; classified as both office and land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    William Orthodontics Dentist Dr. Brian Ancell Dentist Rinehart Tara Dentist Willham O Lee ... Orthodontist

    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
    Knoxville
    County
    Marion
    State
    Iowa
    Longitude
    -93.0990726
    Latitude
    41.3183132

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    FAQs

    What type of property is this?
    Land - High-visibility office & land, 3068 sq ft
    Where is this land located?
    The property is located at 112 1St St Knoxville, IA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 3,068 square foot commercial property located at 112 S 1st Street, Knoxville, IA 50138.; High-visibility location one block from the town square, offering significant foot traffic.; Proximity to Lake Red Rock and Knoxville Raceway attracts both local and tourist clientele.
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    Knoxville, IA 50138
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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
    112 1St St Knoxville, IA 50138
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