209 Montgomery St Creston, IA 50801
- Retail space
- 5,390 SF
- 0.11 lot acres
Current Use by Public Records
- Retail space
Property Details for 209 Montgomery St
- Year built
- 1904
- Lot size
- 0.11 lot acres
- Property size
- 5,390 SF
- Property type
- Retail space
- APN
- 501457006
- APU
- 501457006
Description
This exceptional commercial property at 209 W Montgomery Street in Creston, Iowa, presents a unique investment opportunity. Boasting a substantial 7,566 square feet of space, this solid freestanding brick building offers significant versatility. The main level encompasses a generous 3,486 square feet, ideal for a variety of commercial uses. A partially finished lower level provides additional space, while the unfinished upper level is perfectly suited for conversion into residential apartments, subject to necessary permits and approvals. Recent improvements include a new heating system and the installation of a sump pump, enhancing both functionality and value. The roof features a durable rubber membrane. The property includes several convenient off-street parking spaces located at the rear of the building, adjacent to a loading dock. Additional parking is readily available in a nearby city parking lot, just half a block away. The main level offers zero-entry accessibility. The building is being sold "as is," with only fixed items included. This property's combination of size, location, and recent updates makes it an attractive proposition for savvy investors seeking a versatile commercial space with significant upside potential in a thriving Iowa community. The 0.11-acre lot provides ample space for the building and parking.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Creston
- County
- Union
- State
- Iowa
- Longitude
- -94.3634
- Latitude
- 41.0588
