20 Nebraska St Algona, IA 50511-2630
This exceptional commercial property located at 20 E Nebraska Street in Algona, Iowa, presents a unique opportunity for an ambitious entrepreneur. Priced at $300,000, this well-established business boasts numerous recent building and equipment upgrades, ensuring a smooth transition for the new owner. The property is completely turnkey ready, meaning it's equipped and operational, allowing for immediate revenue generation. Financial records demonstrate consistent sales, indicating a stable and profitable business model. The property benefits from a highly visible location on E Nebraska Street, a busy thoroughfare ensuring high traffic volume and excellent exposure to potential customers. This translates to significant foot traffic and drive-by visibility, maximizing the potential for customer engagement and sales. The existing business enjoys a strong reputation within the community, contributing to its consistent success. This is a rare chance to acquire a profitable, established business with significant upside potential. The opportunity to own your own business, in a prime location, with a proven track record, is readily available. Don't miss this chance to become your own boss. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.