107 Salem Ave, Indianola, IA 50125-2516

This exceptional mixed-use property, located at 107 W Salem Avenue in the desirable Indianola Square, presents a unique investment opportunity. The building boasts a substantial 6,640 square feet of commercial space, ideally suited for a variety of businesses. The commercial area features separate utilities (water, gas, and electric), three half-bathrooms, one three-quarter bathroom, and a dedicated office. The layout allows for customization and expansion, with potential for additional rental units given the back alley access. Adding to its appeal are two residential units: a studio apartment and a larger two-bedroom apartment, each with a full bathroom. These units share a convenient laundry facility. The residential units are all-electric with window air conditioning. Furthermore, the third level of the commercial space offers significant potential for conversion into an additional studio apartment, further enhancing the property's income-generating capabilities. The property sits on a 0.13-acre lot, providing ample space and accessibility. Priced at $315,000, this property offers a compelling blend of commercial and residential income streams, making it an attractive addition to any investment portfolio.