21793 Hwy 92 Sigourney, IA 52591-8338
This exceptional commercial property, situated on Highway 92 near the Highway 149 intersection east of Sigourney, Iowa, presents a unique investment opportunity. The 2.56-acre parcel comprises two lots, one featuring a 28x42-foot building equipped with two overhead garage doors, an office, restroom, and shop area. Currently leased until February 28, 2027, this provides immediate income potential. The property benefits from its high-visibility location on Highway 92, offering significant exposure to substantial traffic volume. The area boasts a strong local presence, with Sigourney's population at 1,986 and Keokuk County's population at 9,904 (US Census Bureau, 2022). The existing building provides immediate utility, while the ample land offers significant potential for expansion and increased revenue generation. The seller is responsible for snow removal and lawn maintenance. This is an ideal opportunity for investors seeking a well-located commercial property with existing income and substantial growth potential. The property is located at 21793 Hwy 92, Sigourney, IA 52591. The asking price is $350,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.