106 2nd St Stuart, IA 50250-7706
This stunning 1,375 square foot retail space at 106 NE 2nd Street in Stuart, IA, presents a unique investment opportunity. Located in the heart of Stuart's business district, this property boasts a prime location with convenient city-owned street parking. A complete renovation has transformed this space, featuring a brand-new HVAC system, updated electrical and plumbing, and a new roof installed in 2021. Security is enhanced by a recently installed security system. The interior has undergone a total remodel, creating a versatile and attractive space suitable for a variety of uses. Potential tenants could include an office, special event venue, beauty salon, barbershop, or a small, intimate restaurant. The property includes a handicap-accessible bathroom, a fully equipped kitchen, dedicated office space, and a striking vault adding character and potential storage. The 0.04-acre lot provides ample space for the building and convenient access. This move-in ready property is priced at $200,000 and offers an exceptional chance to establish a business in a thriving small town. The combination of modern amenities, prime location, and versatile layout makes this an attractive proposition for discerning investors and entrepreneurs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.