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    630 Pennsylvania Ave Story City, IA 50248

    Sponsored
    For Sale
    $289,900

    8,865 SF Retail & Land, Vacant

    Property size:
    8,865 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Story City, Iowa commercial property, located at 630 Pennsylvania Avenue, presents a remarkable investment opportunity. Priced at $289,900, this vacant property boasts a substantial 8,865 square feet of space, encompassing both retail and land components. The property includes a newer 2,500 square foot building featuring multiple access points, including two overhead doors ideal for deliveries and equipment, plus an additional overhead door and walk-through door to other areas. A connecting back door links this newer structure to an existing building, offering potential for expansion or multi-use configurations. The newer building's interior includes a front area with a restroom and water hookups, perfect for retail or office space, transitioning into ample warehouse and storage areas. Its prime location, just one block from downtown Story City (zip code 50248), ensures high visibility and accessibility. This versatile property is suited for a wide range of businesses, from retail and office to warehouse and storage, offering significant potential for growth and profitability. The property's layout and features provide flexibility to accommodate diverse business needs and operational requirements. This is a rare opportunity to acquire a substantial commercial property in a desirable location.

    Property Features for 630 Pennsylvania Ave

    General Information

    Property type
    Land
    Square Feet
    8,865 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Story City
    County
    Story
    State
    Iowa
    Longitude
    -93.5955017
    Latitude
    42.1881433

    Nearby Comparable

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      Functional Warehouse in Story City

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    Nearby Similar for Sale

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    • $2,850,000
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      Functional Warehouse in Story City

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      Story City Industrial Building

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    FAQs

    What type of property is this?
    Land - 8,865 SF Retail & Land, Vacant
    Where is this land located?
    The property is located at 630 Pennsylvania Ave Story City, IA.
    What is the asking price?
    The asking price for this property is $289,900.
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    Story City, IA 50248
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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
    630 Pennsylvania Ave Story City, IA 50248
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