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Property profile

1705 Dows St Ely, IA 52227

OFF-MARKET
Commercial real estate
Property ID
US25-0762487
View Sample
4,100 SF 0.29 ac lot Built 1950
Entity Owned 17-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional retail property, located at 1705 Dows Street Unit 2 in Ely, Iowa, presents a unique investment opportunity. Situated on a sizable 0.87-acre lot, the property offers significant potential for a variety of retail ventures. The building's size is currently undetermined, requiring further investigation by prospective buyers. Its strategic location within Ely ensures high visibility and accessibility for customers. The property's ample land provides ample space for expansion, parking, or outdoor displays, enhancing its overall appeal and functionality. The address, 1705 Dows Street Unit 2, is easily identifiable and conveniently situated within the community. This property is offered at a price to be determined, making it an attractive proposition for discerning investors seeking a strong foothold in the vibrant Ely market. Given the size of the lot and the prime location, this property is well-suited for a range of retail businesses seeking to establish a strong presence in the area. Further due diligence is recommended to fully assess the property's potential and to determine the appropriate asking price. Serious inquiries are encouraged to explore this exciting opportunity. The property is zoned for retail use, ensuring a smooth transition for prospective businesses. The absence of a listed square footage necessitates an on-site inspection to accurately determine the building's dimensions.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 4,100 SF
Lot 0.29 ac (12,632 SF)
APN 18-31-1-33-002-0-0000
UPID US25-0762487

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Weigh Station

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2009
3 recorded transactions
2017
Price N/A
2009
Price N/A
2008
Price N/A

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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