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    246 2nd St Madrid, IA 50156-1212
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    Property profile & analytics

    246 2nd St, Madrid, IA 50156-1212

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    • Retail space
    • 7,040 SF
    • 0.13 lot acres
    Off-Market
    Property ID
    US25-1224994
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 246 2nd St

    Year built
    1898
    Lot size
    0.13 lot acres
    Zone code
    INC
    Property type
    Retail space
    APN
    88226361286105
    APU
    88226361286105

    Description

    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.


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    Location Insight

    • Map
    • Local Demand
    City
    Madrid
    County
    Boone
    State
    Iowa
    Longitude
    -93.8228
    Latitude
    41.8756
    CBSA code
    11180
    CBSA name
    AMES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $442
    $4,224
    $19,184
    $23,408
    -
    $4,224
    $19,184
    $23,408
    More about this property
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