116 5th St, Tipton, IA 52772-1731
- Retail space
- 3,750 SF
- 0.07 lot acres
Current Use by Public Records
- Retail space
Property Details for 116 5th St
- Year built
- 1888
- Lot size
- 0.07 lot acres
- Property type
- Retail space
- APN
- 48011061080150
- APU
- 48011061080150
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 4, 2025 | $142,000 | Steffen Golf Management LLC | Sae Investments LLC | Warranty Deed | — |
| Oct 11, 2024 | — | Jerry R Bumgarner | — | Deed · related | $30k · Fidelity Bank & Trust |
| Apr 24, 2020 | — | Sae Investments LLC | Sally A Groves | Quitclaim Deed · related | — |
| Oct 20, 2017 | — | Jerry R Bumgarner | — | Deed · related | $17k · Community State Bank |
| Sep 8, 2014 | $31,000 | Jerry R Bumgarner | University Of Iowa Community Cu | Warranty Deed | $33k · Community State Bank |
Description
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.
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Location Insight
- Map
- Local Demand
- City
- Tipton
- County
- Cedar
- State
- Iowa
- Longitude
- -91.1277
- Latitude
- 41.7703
