502 Business Pleasantville, IA 50225
This versatile 10,890 square foot mixed-use property in Pleasantville, Iowa, presents a unique investment opportunity. Originally constructed in 1960 as a lumberyard, this single-story building boasts a spacious open layout perfect for a variety of uses. The 889 square feet of office/retail space complements the expansive warehouse area, featuring heavy-duty concrete floors and 14x16 foot overhead doors on both ends, ensuring easy access for loading and unloading. The M-1 zoning allows for diverse business ventures, including storage and distribution, manufacturing, auto repair, indoor recreational facilities, covered storage, fabrication workshops, event venues, self-storage, artisan spaces, agricultural production, or technology/equipment testing. Its strategic location on Highway 5 Business N, just 32 miles from the Des Moines metro area via 4-lane highway, provides excellent accessibility and visibility. This adaptable space offers significant potential for a wide range of businesses seeking a functional and spacious location. The asking price is $499,900. This property is situated at 502 Highway 5 Business N, Pleasantville, IA 50225, within Marion County.
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
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