120 Msn St Strawberry Point, IA 52076-4400
This exceptional commercial office building, located in the heart of downtown Strawberry Point, Iowa, presents a compelling investment opportunity. The property, situated on a 5,445 square foot lot, encompasses a substantial 2,624 square feet of space, distributed across two stories. Built in 1940, the building features a welcoming reception area, multiple private offices, a conference room, two restrooms, and a convenient kitchenette. Ample storage is available on both floors. The property benefits from Cat 5 wiring for reliable connectivity. Currently occupied by three month-to-month tenants paying $225, $175, and $250 per month respectively, the building offers immediate income potential. The owner currently covers all utilities. Recent upgrades include new furnaces and air conditioning units (2014) and a new roof (2018), ensuring efficient and comfortable operation. The building is zoned C and boasts excellent visibility and accessibility with front and rear entrances. Office furniture is included (excluding specified items). Note that certain items stored upstairs will be removed by April 2025. This property is ideal for a single business or multiple tenants seeking a move-in ready space in a thriving downtown location. The asking price is $98,000. The APN is 4122253019.
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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
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.