10 Main St Marshalltown, IA 50158

Property Details for 10 Main St

Year built

1880

Lot size

0.05 lot acres

Property size

1,900 SF

Zone code

CBD

Property type

Commercial real estate

APN

8418-35-128-009

APU

841835128009

Description

This exceptional 7,280 square foot commercial property, located at 10 E Main Street in the heart of Marshalltown, IA's Main Street District, presents a compelling investment opportunity. Currently leased to a long-term tenant, Brown's Shoe-fit, since 2006, this building offers immediate income generation. The main floor encompasses over 7,200 square feet of well-maintained commercial space, perfectly suited for a variety of uses. A significant advantage is the inclusion of a full second story, currently undeveloped, presenting a substantial opportunity for future expansion. Imagine the possibilities of creating residential units overlooking the courthouse, adding significant value and rental income potential. The property sits on a 0.17-acre lot and benefits from recent exterior improvements, including a new roof and windows, minimizing maintenance needs. The tenant is responsible for all utilities, while the current owner covers annual property taxes and building insurance. This low-maintenance, high-return potential property is priced at $225,000 and offers a rare blend of established income and future development potential in a desirable location. This is a truly unique opportunity to acquire a well-positioned commercial property with significant upside.