119 S 3Rd St Knoxville, IA 50138
For Sale
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This 1,200 square foot commercial building is ideally situated on the east side of Knoxville's town square, offering exceptional visibility and accessibility. The property boasts C-4 zoning, providing flexibility for a variety of commercial uses. The interior features an open main area, a small upper loft at the rear, and a basement perfect for mechanicals or storage. Recent updates to the building's faГ§ade, including work completed in 2023, enhance its curb appeal. A covered/screened rear outdoor area provides additional space. Access to the upper level is via a shared stairway with former apartments, and a shared hallway with an adjoining building. The 0.03-acre lot provides ample space for the building and potential future expansion. Prospective buyers are responsible for conducting due diligence and working with the City of Knoxville to ensure compliance with all future usage requirements. All provided information is based on owner-supplied data and public records. This presents a unique opportunity to acquire a well-maintained commercial property in a thriving downtown location. The combination of its prime location, versatile layout, and recent updates makes this an attractive investment.
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Gibson Jewelry (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.