209 High Ave Oskaloosa, IA 52577
- Retail space
- 7,200 SF
- 0.09 lot acres
Current Use by Public Records
- Retail space
Property Details for 209 High Ave
- Year built
- 1900
- Lot size
- 0.09 lot acres
- Property size
- 7,200 SF
- Property type
- Retail space
- APN
- 1013478014
- APU
- 1013478014
Description
This exceptional 4,080 square foot retail property is ideally situated in the vibrant heart of Oskaloosa's downtown business district, conveniently located just off the historic city square. The building sits on a 0.09-acre lot and presents a compelling investment opportunity. Currently, the main level houses two separate, established businesses, offering immediate income potential. The existing tenants may remain at the discretion of the new owner. The significant upside lies in the completely unfinished upper level, which presents a blank canvas for future development. This space offers approximately half the building's total square footage and could be transformed into a desirable loft apartment, adding residential value, or developed into a third commercial space to further increase rental income. Convenient tenant parking is provided via a carport and adjacent garage located in the rear alley. Oskaloosa boasts a thriving community, supported by long-standing industries, commerce, and the presence of William Penn University, ensuring a stable and attractive market for this property. The combination of existing income, potential for expansion, and prime downtown location makes this a truly unique and promising investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oskaloosa
- County
- Mahaska
- State
- Iowa
- Longitude
- -92.6434
- Latitude
- 41.2956
- CBSA code
- 36820
- CBSA name
- OSKALOOSA, IA MICROPOLITAN STATISTICAL AREA
