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Property profile & analytics
OFF-MARKET
Retail space

209 Montgomery St Creston, IA 50801-2316

5,390 SF 0.11 ac lot Built 1904
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-2290396
Property summary
AI-generated overview

This exceptional commercial property at 209 W Montgomery Street in Creston, Iowa, presents a unique investment opportunity. Boasting a substantial 7,566 square feet of space, this solid freestanding brick building offers significant versatility. The main level encompasses a generous 3,486 square feet, ideal for a variety of commercial uses. A partially finished lower level provides additional space, while the unfinished upper level is perfectly suited for conversion into residential apartments, subject to necessary permits and approvals. Recent improvements include a new heating system and the installation of a sump pump, enhancing both functionality and value. The roof features a durable rubber membrane. The property includes several convenient off-street parking spaces located at the rear of the building, adjacent to a loading dock. Additional parking is readily available in a nearby city parking lot, just half a block away. The main level offers zero-entry accessibility. The building is being sold "as is," with only fixed items included. This property's combination of size, location, and recent updates makes it an attractive proposition for savvy investors seeking a versatile commercial space with significant upside potential in a thriving Iowa community. The 0.11-acre lot provides ample space for the building and parking.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1904
Total area 5,390 SF
Lot 0.11 ac (4,800 SF)
APN 501457006
UPID US25-2290396
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Kimberly Moyer Mckenzie · 1 yrs held
Kimberly Moyer Mckenzie
since 2025
Last sale
$56,500
3 recorded transactions
2025
$60,000
2021
$56,500
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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