300 Chestnut St Elliott, IA 51532
- Mixed-use properties
- 1,800 SF
- 1.88 lot acres
Current Use by Public Records
- Three D Farms / Farm
Property Details for 300 Chestnut St
- Lot size
- 1.88 lot acres
- Property size
- 1,800 SF
- Property type
- Mixed-use properties
Description
This exceptional 1.88-acre mixed-use property at 300 Chestnut Street in Elliott, Iowa, presents a compelling investment opportunity. The property boasts a rich history, originally serving as the town's grain elevator. Now, it offers a unique blend of income-generating assets. Five grain bins provide substantial private grain storage capacity, totaling 285,000 bushels. This established storage operation offers immediate income potential and strong future prospects within the agricultural sector. Complementing the grain storage is a separate metal building currently leased to a thriving salon business. This adds a diversified revenue stream and demonstrates the property's versatility. The 1,800 square foot metal building is subject to existing tenant rights, requiring 24-hour notice for showings. This ensures the current tenant's business operations are not disrupted. The property's location in Elliott, Iowa, offers access to a strong agricultural market and provides a solid foundation for continued growth and profitability. This is a rare opportunity to acquire a well-established, income-producing property with significant potential for future expansion and development. The combination of established grain storage and a successful salon business makes this a truly unique and attractive investment. Serious inquiries are encouraged.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elliott
- County
- Montgomery
- State
- Iowa
- Longitude
- -95.1613
- Latitude
- 41.149
