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Property profile & analytics
OFF-MARKET
Office buildings

115 Main St Denver, IA 50622-9612

1,427 SF 0.04 ac lot Built 1957
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US25-1377267
Property summary
AI-generated overview

This meticulously updated 1,427 square foot commercial property sits on a 0.04-acre lot at 115 E Main Street in the heart of Denver, Iowa. Ideally situated within walking distance of local amenities, this property offers a vibrant and convenient location for a diverse range of businesses. Recent renovations have transformed the space, boasting fresh paint throughout, creating a clean and inviting atmosphere. The electrical system has been completely updated to meet modern business requirements, ensuring reliable power. New mechanical systems, including a high-efficiency furnace and air conditioning unit, complement the existing boiler system, providing year-round climate control. A new drop ceiling, a durable new flat roof, and energy-efficient LED lighting have been installed, minimizing future maintenance and operational costs. New flooring, doors, and woodwork contribute to a polished and professional aesthetic. The dual-zoned climate control system ensures optimal comfort in each area of the building. This versatile space is well-suited for a variety of commercial uses, from retail shops and offices to service-based businesses. The property presents a compelling opportunity to establish a thriving business in a bustling downtown setting. Priced at $199,900, this property offers a blend of modern updates and prime location, making it an exceptional investment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1957
Total area 1,427 SF
Lot 0.04 ac (1,525 SF)
APN 10-24-357-009
UPID US25-1377267
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
Current use
Occupant on record · Public records
  • Larry G. Wright, DC Alternative Medicine Practice
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
Jon H Anderson · 1 yrs held
Jon H Anderson
since 2025
Last sale
$179,000
4 recorded transactions
2025
$179,000
2022
Price N/A
2022
Price N/A
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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