104 Jefferson St Corydon, IA 50060
This exceptional mixed-use property, located at 104 E Jefferson Street in the heart of Corydon, IA, presents a unique investment opportunity. Spanning over 12,000 square feet across three levels, this building sits on a 0.22-acre lot and offers immense potential for a variety of uses. Previously utilized as a car dealership and auto repair shop, the property boasts a large insulated shop area, additional garage space, and a full basement, providing ample storage and workspace. The building's versatile layout allows for numerous possibilities, from expanding an existing business to creating multiple income streams. Key features include a newer roof, ensuring long-term cost savings. The property is being sold "as is," allowing for immediate customization and development to suit the buyer's specific needs and vision. This is a rare chance to acquire a substantial downtown building at a significantly reduced price, making it an attractive proposition for both seasoned investors and first-time buyers seeking a high-return investment in a thriving community. The building's size and location offer unparalleled potential for growth and profitability. Don't miss this chance to own a piece of Corydon's vibrant downtown. Serious inquiries only.
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
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.