139 Main St Fredericksburg, IA 50630-7705
This 1,000 square foot commercial building located at 139 W Main Street, Fredericksburg, IA, presents a unique investment opportunity. Situated on a 0.08-acre lot, this two-story structure boasts a rich history, having served for many years as a bar. While the second floor requires complete renovation and has been unused for an extended period, the main floor retains significant character. Noteworthy features include large bars with a beautiful wood backdrop, a partially completed bathroom, a pitched metal roof, and a metal stamped ceiling. The exterior features existing siding, and some interior sheetrock remains. A new furnace is present but not yet connected. The building offers convenient access to both Main Street parking and rear alley parking. Crawl spaces vary in height from two to five feet. The interior requires substantial work, reflecting its age and past use as an early business establishment in Fredericksburg. This property offers significant potential for redevelopment and repurposing, given its prime Main Street location and substantial square footage. The building's history and unique features provide a strong foundation for a variety of commercial ventures. Serious inquiries only.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.