209 Moorehead Ave, Ida Grove, IA 51445
- Retail space
- 11,524 SF
- 0.92 lot acres
Current Use by Public Records
- Western Union / Bank / Credit Union
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Ida County Extension Services / County Government Office
Property Details for 209 Moorehead Ave
- Year built
- 1959
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.92 lot acres
- Property type
- Retail space
- APN
- 18061402
- APU
- 18061402
Description
This exceptional commercial property at 209 Moorehead Avenue, Ida Grove, IA 51445, offers a compelling investment opportunity. The 11,388 square foot building, situated on a 40,208 square foot lot, boasts a strong 10.30% cap rate. Currently, the property features a 9,100 square foot space leased to Dollar General until October 2025, and an additional 2,288 square feet leased to Iowa State Extension. Built in 1959 and renovated in 2006, this single-story building is strategically located just off Highway 175/US 59, ensuring high visibility and accessibility. The property's former use as a grocery store and subsequent conversion to accommodate Dollar General demonstrates its adaptability and potential for various uses. While Dollar General's lease extends to October 2025, they have relocated within Ida Grove and may be open to early termination. This presents a unique opportunity for an owner-occupier or an investor seeking supplemental income. The property's 100% occupancy and strong tenant base provide immediate cash flow. Owner financing may be considered. This is an ideal investment for those seeking a high-return property with significant upside potential in a thriving Iowa community. The property is comprised of one building with a multi-tenant occupancy.
Value Estimations
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $600,000 Current use
- WAREHOUSE, STORAGE
- $960,000 Change: +60% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $610,000 Change: +1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Ida Grove
- County
- Ida
- State
- Iowa
- Longitude
- -95.4687
- Latitude
- 42.3491
