124 Front St Humeston, IA 50123
This exceptional commercial property in the heart of Humeston, Iowa, presents a rare investment opportunity. Situated on Highway 65, the offering includes two buildings with significant potential for diverse uses. The first, a 2,016 square foot structure built in 2019, features a spacious main area with a vaulted ceiling, a half bathroom, and full handicap accessibility. Multiple adaptable rooms are ready for customization, with existing wiring and plumbing to easily add a kitchen and full bathrooms. Energy-efficient design includes spray foam insulation and double-pane windows. The second building, constructed in 1956, offers 2,240 square feet of usable space. This building includes a large open area, two additional workrooms, a half bathroom, and a full basement, providing ample room for expansion or adaptation. Both buildings benefit from a generous gravel parking area located behind the structures. The City of Humeston has no zoning restrictions, opening the door to a wide array of possibilities, including retail, restaurants, residential conversion, event spaces, storage units, and more. This property offers a unique chance to acquire prime real estate in a thriving community with limitless potential. The asking price is $359,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.