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Property profile & analytics

246 2nd St Madrid, IA 50156-1212

  • Retail space
  • 7,040 SF
  • 0.13 lot acres
OFF-MARKET
Value Estimation
Location Intelligence
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.

Current Use by Public Records

  • Retail space

Property Details for 246 2nd St

Year built
1898
Lot size
0.13 lot acres
Property size
7,040 SF
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.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

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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