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    232 1St St Monticello, IA 52310

    For Sale
    $652,080

    Prime Retail Space, Downtown Monticello

    Property size:
    10,868 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 10,868-square-foot storefront, located at 232 E 1st St in Monticello, Iowa, presents a compelling owner-user or investment opportunity. The property, situated on a 0.27-acre lot (APN 0227103005), boasts a prime downtown location with high foot traffic and excellent visibility. Currently occupied by Theisen's, the lease expires December 31, 2024, offering a short-term leasehold or immediate owner-occupancy potential. Built in 1900 and renovated in 2001, this two-story building offers a versatile layout ideal for various retail formats. The open floor plan allows for easy customization to suit specific business needs. The property is zoned for commercial use and benefits from its location within a vibrant community of local shops and services. This presents a rare chance to capitalize on Monticello's growth, whether for business expansion or a new venture. Note that there are restrictions on the sale of goods competitive with Theisen's. The asking price is $652,080, translating to $60 per square foot. Further details are available upon request.

    Property Features for 232 1St St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,868 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built/Renovated
    1900/2001
    Buildings
    1
    Stories
    2

    HighLights

    • $652,080 asking price for a 10,868 SF retail storefront.
    • Located in downtown Monticello, IA, at 232 E 1st St, with high foot traffic and visibility.
    • Versatile 10,868 SF space suitable for various retail uses.
    • Owner/user investment opportunity in a growing market.
    • Current tenant, Theisen's, is relocating; lease expires 12/31/2024.
    • Property features 1 two‑story building on a 0.27‑acre lot, built in 1900 and renovated in 2001.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Theisen's Home Farm ... Department Store

    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
    Monticello
    County
    Jones
    State
    Iowa
    Longitude
    -91.1870481
    Latitude
    42.2379073

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, Downtown Monticello
    Where is this individual retail property located?
    The property is located at 232 1St St Monticello, IA.
    What is the asking price?
    The asking price for this property is $652,080.
    What are key features of this property?
    This property features: $652,080 asking price for a 10,868 SF retail storefront.; Located in downtown Monticello, IA, at 232 E 1st St, with high foot traffic and visibility.; Versatile 10,868 SF space suitable for various retail uses.
    Request Owner's contact information
    232 1St St Monticello, IA 52310
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    Monticello, IA 52310
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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
    232 1St St Monticello, IA 52310
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