111 N Hall St Algona, IA 50511
For Sale
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This exceptional office building, located at 111 N Hall Street in Algona, Iowa, presents a unique investment opportunity. Situated directly across from the courthouse in the heart of downtown Algona, this property boasts high visibility and convenient access. The building offers a substantial 3,000 square feet of usable space, providing ample room for a variety of business configurations. Its prime downtown location ensures high foot traffic and excellent exposure to the local community. The building's prominent position offers significant advantages for businesses seeking a strong presence in the Algona market. This is an ideal location for professional offices, government-related businesses, or any enterprise seeking a central and easily accessible location. The property is being offered at $129,900, representing a compelling value for a building of this size and location. The building's size and location make it suitable for a wide range of uses, allowing for significant flexibility and adaptability to meet the needs of diverse businesses. Serious inquiries are encouraged to explore the potential of this exceptional downtown Algona property. The building's prominent position offers significant advantages for businesses seeking a strong presence in the Algona market. This is a rare opportunity to acquire a well-established office building in a highly desirable location. The property is ready for immediate occupancy, offering a seamless transition for new businesses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.