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Property profile & analytics
OFF-MARKET
Commercial real estate

600 Main St Leon, IA 50144

Built 1920
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully occupied, five-unit commercial building located at 600 S Main Street in Leon, Iowa. The property is legally configured as a five-family dwelling, indicating strong potential for consistent rental income. The structure itself is noted for its high-quality construction, suggesting durability and longevity. Given its current occupancy status, this property offers immediate cash flow for the new owner. Prospective buyers should be prepared to provide proof of funds, a pre-qualification letter, and execute a non-disclosure agreement prior to scheduling a showing. Due to the fully occupied nature of the building, a 72-hour notice is required for all showings, and the owner must be present. Direct communication with tenants regarding the potential sale is strictly prohibited. The property is offered at $199,999. This presents a rare opportunity to acquire a well-maintained, income-generating property in a stable market. Serious inquiries only. The lot size is not specified.

Property profile
Verified
Property type Commercial real estate
Year built 1920
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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