Property summary
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.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Location Insight
- Alternative use
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