246 2nd St Madrid, IA 50156-1212
This exceptional investment opportunity presents two retail buildings located at 246 W 2nd Street in the desirable city of Madrid, Iowa. Situated conveniently near the Trestle Trail, this property offers unparalleled access and visibility. The buildings are being sold together as a package deal, representing a unique chance to acquire a significant presence in a thriving community. Both structures have undergone substantial pre-preparation work, with the heavy lifting already completed. This means significant upfront costs are eliminated, allowing you to focus on customizing the interior spaces to perfectly suit your business needs. The buildings are offered "as-is," providing flexibility and potential for creative design and development. The sale price of $165,000 represents an attractive entry point into the Madrid market, a city known for its strong community and desirable location. This is a rare chance to establish or expand your business in a prime retail location with minimal upfront renovation expenses. The property's proximity to the Trestle Trail adds to its appeal, offering increased foot traffic and visibility. Don't miss this opportunity to own a piece of Madrid's vibrant commercial landscape. The buildings are ready for immediate occupancy and customization, allowing for a swift and efficient launch of your business venture. This is a truly unique opportunity for a savvy investor seeking a turnkey retail space in a highly sought-after location.
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
INC · Madrid, IANo 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.