112 1st St Knoxville, IA 50138-2511
This exceptional 3,068 square foot commercial office building is ideally situated in the heart of Knoxville, Iowa, just one block from the town square. Its prime location ensures high visibility and significant foot traffic, making it an excellent opportunity for a variety of businesses. The property sits on a 0.17-acre lot and offers ample space adaptable to diverse business needs. Its proximity to major attractions significantly enhances its appeal. Located a short drive from Lake Red Rock, Iowa's largest lake, this property benefits from the year-round influx of tourists and outdoor enthusiasts. Furthermore, its convenient location near the renowned Knoxville Raceway, home to the Knoxville Nationals, guarantees a consistent stream of visitors throughout the year. This strategic positioning provides unparalleled access to a large and diverse customer base, presenting a unique opportunity to establish a thriving business within a vibrant community. The asking price for this exceptional property is $199,000. Don't miss this chance to own a cornerstone property in a thriving Iowa town.
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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.