Technical
Financial
Distress signals
Property profile

2208 Broadway St Granger, IA 50109

OFF-MARKET
Office buildings
Property ID
US25-0069511
1,104 SF 0.04 ac lot Built 1905
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,104-square-foot mixed-use property at 2208 Broadway Street in Granger, Iowa, presents a rare investment opportunity. Built in 1905 and extensively renovated in 2024, this single-story building offers a blend of executive office and storefront space, perfect for an owner-user. The property sits on a 1,950-square-foot lot and is zoned for commercial use. Inside, you'll find high ceilings, exposed original brick walls, and brand-new air conditioning. The space is ready for a buyer's personal touch, with the installation of flooring and paint left to the new owner's preferences. Exterior features include a spacious backyard area, ideal for creating a patio or other outdoor amenity. The building's recent updates, combined with its charming character and prime location in Granger, IA (zip code 50109), make it an attractive proposition for a variety of businesses. A lockbox is located at the rear door, providing convenient access. This property offers a unique chance to establish a thriving business in a desirable community. The previous owner completed renovations to open an ice cream shop, but pursued other opportunities. This presents a turnkey opportunity for a new business owner.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1905
Total area 1,104 SF
Lot 0.04 ac (1,950 SF)
APN 812203016
UPID US25-0069511

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice

Location

2208 Broadway St Granger, IA 50109-7716
Granger metro Census 50100 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$95k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$110k

Owner & transaction history

since 2025
Last sale
$130,000
4 recorded transactions
2025
$160,000
2023
$130,000
2022
$130,000
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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