1131 Court Ave Marengo, IA 52301
For Sale
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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.
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.