102 5th St Tipton, IA 52772-1731
This exceptional 6,300-square-foot former bank building presents a unique opportunity in the heart of Tipton, Iowa. Located at 102 E 5th St, this property boasts a highly visible location in the downtown area, making it ideal for a variety of commercial uses. Built in 1960, the building sits on a 0.2-acre lot and offers some off-street parking, a valuable asset in a bustling downtown setting. The asking price is $475,000, representing an excellent value for owner-occupants or investors seeking a strong foothold in this thriving community. The spacious interior offers significant potential for adaptation to suit diverse business needs. Its previous use as a bank suggests a robust structure and secure design. The property's prominent location ensures high visibility and accessibility, attracting significant foot traffic and enhancing its commercial appeal. This is a rare chance to acquire a substantial commercial property in a desirable location, offering both immediate usability and long-term investment potential. The property is being offered for sale by owner. Don't miss this chance to secure a prime piece of Tipton real estate. The zip code is 52772.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.