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Property profile & analytics
OFF-MARKET
Office buildings

120 Msn St Strawberry Point, IA 52076-4400

5,248 SF 0.13 ac lot Built 1940
Entity Owned 20-yr Hold Free & Clear
Property ID
US25-1012992
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1940
Total area 5,248 SF
Lot 0.13 ac (5,445 SF)
APN 4122253019
UPID US25-1012992
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
  • Smith Insurance LLC Insurance Agency
  • Trans Star Trucking Co Trucking Company
  • Driftless Aesthetics, LLC Physician
  • Hertz Farm Management, Inc. Real Estate Agency
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
Trans Star Trucking Co · 20 yrs held
Trans Star Trucking Co
since 2006
1 recorded transaction
2006
$70,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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