160 Jackson St Thompson, IA 50478
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.
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.