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Property profile & analytics
OFF-MARKET Estimated value $240,000
Medical Office Space

103 2nd St Hedrick, IA 52563-7769

880 SF 0.02 ac lot Built 1940
Individually Owned Absentee Owner Free & Clear
Property ID
US25-1791051
Property summary
AI-generated overview

This exceptional commercial property, located at 103 W Second Street in Hedrick, Iowa, presents a unique investment opportunity. Situated just off Main Street, this building boasts a rich history, having served as a local doctor's office for over six decades. The building's layout is well-suited for a variety of uses, offering significant flexibility for future tenants or owners. The interior comprises a spacious waiting room, a main office area, two well-appointed exam rooms, a convenient storage room, and a bathroom. The building's solid construction and established presence in the community make it an attractive prospect for entrepreneurs seeking a ready-made space or investors looking for a stable, income-generating asset. The property's location offers excellent visibility and accessibility, ensuring convenient access for clients and customers. While the square footage is not currently specified, the existing layout provides ample space for a range of commercial endeavors. The asking price of $35,000 represents a compelling value for a property with such a strong history and potential for future growth. This is a rare opportunity to acquire a well-established commercial building in a thriving community. The numerous possibilities for this property make it an ideal investment for those seeking a versatile and established commercial space. The property sits on a lot with zero acres.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1940
Total area 880 SF
Lot 0.02 ac (990 SF)
APN HDCHP-024100
UPID US25-1791051
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k
Owner & transaction history
PRIDIPONGSE VITHESPONGSE
PRIDIPONGSE VITHESPONGSE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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