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Property profile & analytics
OFF-MARKET
Office buildings

106 2nd St Stuart, IA 50250-7706

1,375 SF 0.04 ac lot Built 1911
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-1551880
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1911
Total area 1,375 SF
Lot 0.04 ac (1,700 SF)
APN 1358900
UPID US25-1551880
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Logan Witte · 3 yrs held
Logan Witte
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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