612 Sheridan AveShenandoah, IA 51601

Property Details for 612 Sheridan Ave

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

4,750 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

519259130000

APU

519259130000

Description

This exceptional commercial property at 612 W Sheridan Avenue in Shenandoah, Iowa, presents a unique investment opportunity. Boasting a rich history, this building offers a blend of character and practicality. The property sits on a 0.07-acre lot and is classified as general commercial. A notable feature is a still-functional soda fountain, adding a touch of nostalgia and potential for creative business ventures. The interior includes well-maintained office spaces, ample shelving, and additional storage, providing flexibility for various uses. The building's layout is adaptable to a range of commercial needs, from retail to professional services. The asking price is $110,000. This property offers a chance to own a piece of Shenandoah's heritage while capitalizing on its commercial potential. An adjoining building is also available for consideration, presenting an opportunity for expansion or additional income streams. The property's location in Shenandoah provides excellent visibility and accessibility. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this historic building offers. The square footage is not currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $863,132

  6.5%

  $796,737

  7%

  $739,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $375,782

  Geo Method

  $375,782

• Alternative Use

  Use

  Valuation

  Residential

  $796,737

  Hospitality

  $729,807

  Educational

  $607,191

  Medical

  $628,073

  Retail

  $944,519

Location Insight

City

Shenandoah

County

Page

State

Iowa

Latitude

40.7657

Longitude

-95.3732

Property Tax & Assessments

FAQs

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