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Property profile & analytics
OFF-MARKET Estimated value $610,000
Retail space

114 Platt St Maquoketa, IA 52060-2336

28,320 SF 0.66 ac lot Built 1880
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2257974
Property summary
AI-generated overview

This mixed-use property at 114 West Platt Street in Maquoketa, Iowa, presents a unique investment opportunity. Listed at $120,000, the building offers a blend of commercial and residential space, ideal for owner-occupancy or rental income generation. The main level comprises a welcoming entryway and reception area, perfect for client interaction. A small kitchenette, two private offices, a conference room, and a restroom cater to business needs. Rear access provides parking for two vehicles and includes an attached storage area. Recently renovated, the upper level residential space boasts considerable charm. Features include a spacious living room, a new kitchen with a dining area, a generously sized bedroom with ample closet space, and a convenient laundry room with a sink. This affordable living space complements the commercial area, offering flexibility for the owner or potential rental income. A full basement provides substantial additional storage. The property's location in Maquoketa, Iowa (zip code 52060), ensures excellent visibility, making it suitable for a variety of businesses. This versatile property offers a compelling combination of commercial functionality and comfortable residential living, making it an attractive investment prospect.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1880
Total area 28,320 SF
Lot 0.66 ac (28,800 SF)
APN 145181915504700
UPID US25-2257974
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
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
$651k
Blend (final) Blend
$610k
Owner & transaction history
Tracy K Thede · 2 yrs held
Tracy K Thede
since 2023
6 recorded transactions
2025
Price N/A
2025
Price N/A
2023
$55,000
2021
$565,000
2021
$34,000
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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