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Property profile & analytics
FOR SALE
Medical Office Space

203 W Adams St Creston, IA 50801

3,293 SF 0.04 ac lot Built 1885
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US25-2395708
Property summary
AI-generated overview

This exceptional Creston, IA commercial property, located on Adams Street in the Uptown district, offers 6,400 square feet of versatile space. The main floor, totaling 3,200 square feet, has undergone a recent remodel, featuring a large reception area with storefront windows, a sizable attached office, ten individual offices, a spacious conference room, two bathrooms, laundry hookups/room, and a kitchen/lounge area. The modern updates include new lighting, plumbing, and interior finishes, making it ideal for healthcare, multiple businesses, or independent rental spaces. The adaptable design allows for easy conversion to prime retail space. Upstairs, an additional 3,200 square feet of unfinished space awaits, boasting high ceilings, large windows, and original brick walls, offering a unique opportunity for a designer's vision, whether commercial or residential. This upper level overlooks the historic Creston Depot. The exterior has been meticulously restored, showcasing repairs to the original facade and new windows. This property presents a rare opportunity to own a significant piece of Creston's vibrant downtown. The asking price is $395,000.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1885
Total area 3,293 SF
Lot 0.04 ac (1,664 SF)
APN 501461022
UPID US25-2395708
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
Current use
Occupant on record · Public records
  • Carroll Family Chiropractic Alternative Medicine Practice
  • Gabriel J. Carroll, DC Alternative Medicine Practice Spa & Massage Center
  • Haven Wellness LLC (Bike/Boat/Book/etc) Store Cosmetic Store
  • Linda M Holbrook Alternative Medicine Practice
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
Renew Creston LLC · 7 yrs held
Renew Creston LLC
since 2018
1 recorded transaction
2018
$2,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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