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    390 Us Highway 18 Garner, IA 50438

    For Sale
    $2,970,000

    Prime 1.84-acre commercial property. High-traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial property, located at 390 E US Hwy 18 in Garner, Iowa, presents a unique investment opportunity. Priced at $2,970,000, this 1.84-acre site features two buildings, offering versatile space ideal for a variety of commercial uses. The main building boasts a spacious layout with a full upper level, including a modern kitchen perfect for employee meals or client functions, and a full bathroom with washer/dryer hookups. The property also includes two offices and a heated showroom floor, enhancing its functionality and appeal. Significant cost savings are realized through the inclusion of solar panels, reducing electricity expenses. Additional features include ample parking, a loading dock, racking systems, and a storm shelter, all contributing to the property's overall value and practicality. The high-traffic location on US Hwy 18 ensures excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the Garner market. This property is ready for immediate occupancy and presents a compelling opportunity for a discerning investor or business owner. The included equipment and amenities further enhance the value proposition of this exceptional commercial offering.

    Property Features for 390 Us Highway 18

    General Information

    Property type
    Distribution properties
    Lot Size
    80,150 SF

    HighLights

    • $2,970,000 asking price.
    • 1.84‑acre lot in Garner, IA.
    • Industrial property with warehouse and commercial space.
    • High‑traffic location on US Hwy 18.
    • Features two buildings, including a main building with upper level office space, showroom, and modern kitchen.
    • Amenities include a loading dock, racking, ample parking, storm shelter, and solar panels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Garner
    County
    Hancock
    State
    Iowa
    Longitude
    -93.5983155
    Latitude
    43.1063879

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    Nearby Similar for Sale

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      Versatile Storefront with Garage

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      Storage Facility with Office Space

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      Garner Retail Space - Hwy 18/69

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    FAQs

    What type of property is this?
    Distribution property - Prime 1.84-acre commercial property. High-traffic location.
    Where is this distribution property located?
    The property is located at 390 Us Highway 18 Garner, IA.
    What is the asking price?
    The asking price for this property is $2,970,000.
    What are key features of this property?
    This property features: $2,970,000 asking price.; 1.84-acre lot in Garner, IA.; Industrial property with warehouse and commercial space.
    Request Owner's contact information
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    Garner, IA 50438
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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
    390 Us Highway 18 Garner, IA 50438
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