Individually Owned Property summary
This exceptional commercial property, located at 121 E 5th St in Storm Lake, Iowa, offers 16,813 square feet of versatile office space, spread across two stories and a finished basement. Built in 1972, this Class B building boasts 13,644 square feet on the main and second floors, featuring numerous offices, restrooms, large work areas, and a conference room. The finished basement adds another 3,196 square feet, including a kitchen, office, restroom, and storage. The property includes a… concrete parking lot. A deed restriction prohibits banking or insurance use. However, the property is zoned commercial and presents potential for conversion to apartments or condos, potentially benefiting from Iowa state grants and tax credit programs. The asking price is $399,500 ($23.76/sq ft). The 2023 assessed value is $545,340, significantly lower than the 2022 assessed value of $887,480. The lot size is 0.4 acres, and the APN is 1403208012. This is a unique opportunity to acquire a substantial, well-located commercial property in a thriving community.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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