116 5th St Tipton, IA 52772-1731

This exceptional investment opportunity in Tipton, Iowa, presents a unique blend of commercial and residential space. Located at 116 W 5TH Street, this property, built in 1950, offers a prime location in the heart of the city. The building includes a ground-floor commercial space ideal for a restaurant or similar business, perfectly complemented by a fully renovated one-bedroom apartment on the upper level. This apartment, boasting upgraded cabinets and stunning quartz countertops, provides additional income potential through leasing or use by the business owner. A small rear deck adds to the apartment's appeal. Both the upstairs and downstairs have undergone a complete renovation, including new electrical, plumbing, sewer, and water lines. Modern conveniences are readily available, with several fiber optic internet/cable options. The alley-side of the building features a striking full-size mural by a local artist, showcasing Tipton's history and adding to the property's character. The alley itself was recently paved by the city in April 2024. The property also includes a security system with cameras, audio, panic mode, and video surveillance, enhancing safety and security. The asking price for this turnkey operation is $175,000. This property is zoned for commercial and restaurant use and presents a strong return on investment. Don't miss this chance to own a piece of Tipton's vibrant downtown.