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Property profile & analytics
OFF-MARKET
Office buildings

160 Jackson St Thompson, IA 50478

1,760 SF 0.07 ac lot Built 1900
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US25-0709735
Property summary
AI-generated overview

This exceptional property located at 160 S Jackson Street in Thompson, Iowa, presents a rare opportunity to acquire a piece of local history. The building, formerly a bank, boasts significant character and unique architectural details, including an original vault that adds to its charm and potential. Priced at $69,000, this property offers a versatile space ripe for redevelopment and customization. The building's layout includes a main floor commercial space ideal for a variety of businesses, complemented by a residential apartment located upstairs. This live-work arrangement provides unparalleled convenience, allowing an owner-operator to reside directly above their business. The substantial size of the building, while not specified in square footage, offers ample room for creative design and adaptation to suit a wide range of commercial and residential needs. The property sits on a zero-acre lot, minimizing exterior maintenance and maximizing the focus on the building's interior potential. While the building awaits renovation to realize its full potential, its inherent charm and historical significance make it an attractive investment for those seeking a unique and profitable venture in a vibrant downtown setting. This is a chance to own a piece of Thompson's heritage and shape its future. The property is sold as-is.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Construction FRAME
Total area 1,760 SF
Lot 0.07 ac (2,860 SF)
APN 626102019
UPID US25-0709735
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
Fleener Properties LLC · 9 yrs held
Fleener Properties LLC
since 2016
1 recorded transaction
2016
$15,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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