Property profile

119 Chestnut St Jefferson, IA 50129

OFF-MARKET
Restaurants
Property ID
US25-0655825
1,760 SF 0.07 ac lot Built 1931
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,760 square foot commercial building is situated on a 0.07-acre lot in the heart of downtown Jefferson, Iowa, at 119 N Chestnut. The property presents a unique investment opportunity, offering flexibility for prospective buyers. The current owner is open to selling the building and/or the existing business, or both, allowing for a variety of acquisition scenarios. This presents a compelling opportunity for entrepreneurs seeking to establish a new venture in a thriving downtown area or for those interested in acquiring an already successful operation. The building's central location on the square ensures high visibility and accessibility, making it an ideal space for a wide range of commercial uses. The sale includes the building itself, offering a solid foundation for future growth and development. The potential for expansion or adaptation to suit specific business needs is significant, given the building's size and location. Serious inquiries are encouraged to explore the various acquisition options and unlock the considerable potential of this downtown Jefferson gem. The asking price for the entire package is $299,000. Contact us today to learn more about this exciting opportunity.

Property profile

Verified
Property type Restaurants
Use group BAKERY
Year built 1931
Total area 1,760 SF
Lot 0.07 ac (2,904 SF)
APN 11-08-166-003
UPID US25-0655825

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop

Location

119 Chestnut St Jefferson, IA 50129-2101
Jefferson metro Census 80200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2017
1 recorded transaction
2017
$35,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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