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Property profile & analytics
OFF-MARKET
Retail space

117 Main N Ave Britt, IA 50423-1660

7,500 SF 0.34 ac lot Built 1920
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US25-1460445
Property summary
AI-generated overview

This exceptional property, located at 117 Main Avenue North in Britt, Iowa, presents a unique investment opportunity. The building encompasses a substantial 7500 square feet, offering versatile space suitable for a variety of commercial uses, including retail or warehouse operations. Its prime Main Street location ensures high visibility and accessibility, attracting significant foot traffic and potential customers. The property includes an ample 6200 square foot parking lot, providing convenient parking for employees and customers, supplemented by readily available street parking. While the building requires some attention and improvements, this presents a chance to customize the space to perfectly meet your business needs. The property is being sold "as is," reflecting the opportunity for renovation and potential cost savings. The 0.34-acre lot provides ample space for expansion or outdoor storage, depending on your operational requirements. This is a rare chance to acquire a well-situated commercial property in a thriving community at an attractive price point of $65,000. Don't miss this opportunity to establish your business in a highly visible and accessible location. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 7,500 SF
Lot 0.34 ac (14,985 SF)
APN 2202120210
UPID US25-1460445
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Charles Mcgarry Russell JR · 2 yrs held
Charles Mcgarry Russell JR
since 2024
3 recorded transactions
2024
Price N/A
2017
$233,000
2015
$175,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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