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Property profile & analytics
FOR SALE
Retail space

119 S 3Rd St Knoxville, IA 50138

2,400 SF 0.03 ac lot Built 1900
Individually Owned Absentee Owner Free & Clear
Property ID
US25-0550309
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 2,400 SF
Lot 0.03 ac (1,200 SF)
APN 842766000
UPID US25-0550309
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
Current use
Occupant on record · Public records
  • Gibson Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
RICHARD GIBSON
RICHARD GIBSON
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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