1480 2nd St, Cherokee, IA 51012
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.