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    Property profile & analytics
    OFF-MARKET Estimated value $525,000
    Warehouses

    1131 Buchanan St, Washington, IA 52353-9489

    6,000 SF 0.9 ac lot Built 2018
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US25-2345488
    Property summary
    AI-generated overview

    This exceptional commercial property located at 1131 W Buchanan in Washington, IA, presents a unique investment opportunity. The 0.9-acre lot houses a remarkable industrial building, recognized as Building of the Year by Metal Magazine. The property boasts five spacious garage bays, ideal for various commercial uses, along with four separate rental units, all currently occupied by tenants. This provides immediate and consistent rental income. Each of the four rental units is equipped with its own heating system, 100-amp electrical service, 220-volt hookups for power tools or equipment, ceiling fans for comfort, a private bathroom, and a dedicated private entrance. The building's prestigious award underscores its high-quality construction and desirable features. The combination of the industrial bays and the income-generating rental units makes this property a versatile and financially attractive investment. The current tenant occupancy ensures a steady stream of revenue from day one. This is a rare opportunity to acquire a well-maintained, award-winning property in a desirable location with proven rental income. The property's size and features make it suitable for a variety of commercial ventures, offering significant potential for future growth and profitability. Serious inquiries are encouraged. The asking price is $375,000.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2018
    Construction FRAME
    Total area 6,000 SF
    Lot 0.9 ac (39,204 SF)
    APN 11-19-301-002
    UPID US25-2345488
    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
    $340k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $705k
    Blend (final) Blend
    $525k
    Owner & transaction history
    Legacy Properties Group LLC · 1 yrs held
    Legacy Properties Group LLC
    since 2025
    1 recorded transaction
    2025
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $865,000 +79.2%
    Restaurant $485,000 +1.0%
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