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Property profile & analytics
FOR SALE
Retail space

1131 Court Ave Marengo, IA 52301

8,320 SF 0.22 ac lot Built 2000
Individually Owned Free & Clear
Property ID
US25-0591655
Property summary
AI-generated overview

This exceptional commercial property, located at 1131 Court Avenue in the heart of Marengo, Iowa, presents a unique opportunity for a diverse range of businesses. Boasting a prominent location on the town square, this former retail store offers unparalleled visibility and convenient street parking, ensuring easy access for customers and employees. The property sits on a 0.22-acre lot and features a spacious, open floor plan, providing maximum flexibility for customization. The adaptable layout allows for a multitude of uses, making it ideal for retail operations, office spaces, or other commercial ventures. The absence of internal walls allows for creative design and efficient space planning to meet the specific requirements of any business. The high foot traffic associated with the central location promises significant exposure and potential for customer interaction. This property represents a rare chance to establish a thriving business in a vibrant and accessible location. The asking price is $275,000. The square footage is not currently specified. This property is ready for immediate occupancy and offers a strong foundation for future success. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2000
Total area 8,320 SF
Lot 0.22 ac (9,583 SF)
APN 7328-1507-4
UPID US25-0591655
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Schlabach Travis
Schlabach Travis
since 2026
1 recorded transaction
2026
$195,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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