Property summary
This exceptional 18,000-square-foot mixed-use building in Oskaloosa, Iowa, presents a compelling value-add investment opportunity. Priced at $450,000 ($25/sq ft), this 1910-constructed property boasts a prime downtown location at 101 S Market St, 52577, within the DC - Downtown Commercial zoning district. Currently operating at 100% occupancy with a diverse tenant mix including retail and residential units (Brown Shoes Fit occupies the ground floor, with apartments above), this property offers immediate cash flow. The building's strategic location ensures high visibility and foot traffic, maximizing rental income potential. The flexible layout allows for various usage options, catering to diverse investor preferences. Significant upside potential exists through submarket rent increases and modernization. This property, even featuring a loft showcased on HGTV, is ideal for investors seeking to capitalize on the strong potential for value appreciation in a thriving downtown area. The NNN lease structure minimizes landlord responsibilities. This multi-tenant building offers a blend of commercial and residential income streams, enhancing overall investment stability and return. The property's proximity to local amenities, businesses, and transportation hubs further enhances its appeal.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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