101 Market St Oskaloosa, IA 52577-3131
- Retail space
- 18,000 SF
- 0.14 lot acres
Current Use by Public Records
- Retail space
Property Details for 101 Market St
- Year built
- 1910
- Lot size
- 0.14 lot acres
- Property size
- 18,000 SF
- Property type
- Retail space
- APN
- 1013481008
- APU
- 1013481008
Description
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.
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
- Oskaloosa
- County
- Mahaska
- State
- Iowa
- Longitude
- -92.6454
- Latitude
- 41.2952
- CBSA code
- 36820
- CBSA name
- OSKALOOSA, IA MICROPOLITAN STATISTICAL AREA
