Property profile

1480 2nd St Cherokee, IA 51012

OFF-MARKET
Warehouses
Property ID
US25-2452099
1,404 SF 0.12 ac lot Built 2021
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

1480 2nd St Cherokee, IA 51012
Cherokee metro Census 80400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$80k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k

Owner & transaction history

since 2022
Last sale
$82,500
1 recorded transaction
2022
$82,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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