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    OFF-MARKET
    Warehouses

    1480 2nd St, Cherokee, IA 51012

    1,404 SF 0.12 ac lot Built 2021
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US25-2452099
    Property summary
    AI-generated overview

    This exceptional commercial land opportunity consists of two adjacent parcels totaling 2.18 acres, situated just south of Cherokee, Iowa, and conveniently located right off Highway 59. Priced at $50,000, this represents an attractive investment for developers seeking a strategic location with excellent visibility. The property is ideal for a variety of commercial uses, benefiting from its high-traffic location and proximity to Cherokee's amenities. Utilities are readily available near both parcels, simplifying the development process and reducing upfront costs. The combined acreage provides ample space for a range of projects, from retail establishments to light industrial facilities. The address is 1480 & 1490 S. 2nd Street, Cherokee, IA 51012. This is a rare chance to acquire a significant piece of commercial real estate in a growing area at a highly competitive price. Don't miss this opportunity to secure a prime location for your next venture. The property is located in Cherokee County, Iowa.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2021
    Construction FRAME
    Total area 1,404 SF
    Lot 0.12 ac (5,299 SF)
    APN 1103401003
    UPID US25-2452099
    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
    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
    Cosgrove Investments LLC · 3 yrs held
    Cosgrove Investments LLC
    since 2022
    Last sale
    $82,500
    1 recorded transaction
    2022
    $82,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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