210 Elm St Eldon, IA 52554-9645
This exceptional commercial property, located at 210 Elm Street in Eldon, Iowa, presents a fantastic investment opportunity. Situated on a 0.2-acre lot, the building offers a versatile space previously configured as a car wash. The structure includes a dedicated mechanical room, an enclosed wash bay, and an additional paved outdoor wash area, providing ample space for various commercial uses. A coin-operated change machine, installed in 2020, is included in the sale. While the current owner has utilized the property for storage, maintaining active utilities throughout their ownership, the property's inherent potential for a car wash business or similar venture remains significant. The asking price is $25,000. The square footage is not currently specified. This property is ideal for an entrepreneur seeking a ready-to-adapt space in a convenient Eldon location. The existing infrastructure, including the mechanical room and wash bays, offers a solid foundation for a variety of commercial applications. The paved outdoor area adds further flexibility and potential for expansion. The inclusion of a recently installed change machine further enhances the property's value and potential for immediate revenue generation. This is a rare opportunity to acquire a well-located commercial property at an attractive price point. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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.