102 S Iowa Ave Washington, IA 52353
- Office buildings
- 1,980 SF
- 0.06 lot acres
Current Use by Public Records
- Farm & Home Security Insurance / Insurance Agency
- Associated Insurance Services Inc / Insurance Agency
Property Details for 102 S Iowa Ave
- Year built
- 1910
- Construction
- FRAME
- Lot size
- 0.06 lot acres
- Property size
- 1,980 SF
- Property type
- Office buildings
- APN
- 11-17-338-001
- APU
- 1117338001
Description
This exceptional five-story office building, situated at the heart of Washington, Iowa's vibrant downtown on the northeast corner of Washington Square, presents a unique investment opportunity. Originally constructed in 1912, this 16,768 square foot building boasts a prominent location within the city's retail, financial, and public gathering area. The building features a spacious layout with the first and second floors each encompassing 4,028 square feet, while the upper three floors offer 2,754 square feet each. Convenient elevator access serves all floors. Currently, the ground floor accommodates a blend of retail and office spaces, while the upper floors are dedicated to office use. While previously used as apartments, the top three floors are currently leased on a short-term basis, mirroring a similar arrangement for portions of the first and second floors. The property is zoned B-1 and sits on a 0.13-acre lot. The asking price is $700,000, translating to $47.71 per square foot. This presents a compelling opportunity to acquire a substantial, historically significant commercial property in a thriving Iowa community.
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
- Washington
- County
- Washington
- State
- Iowa
- Longitude
- -91.6914
- Latitude
- 41.2992
- CBSA code
- 26980
- CBSA name
- IOWA CITY, IA METROPOLITAN STATISTICAL AREA
